# PPP loan: ALTECH INC.
> **$421K** approved 02/09/2021 · Paid in Full · Loan `5710698409`
## Borrower
- **Name:** ALTECH INC.
- **Address:** 8530 W New Boston Rd, Texarkana, TX, 75501-2308
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $421K
- **Initial approval:** $421K
- **Forgiven:** $423K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $421K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Guaranty Bank & Trust, National Association
- **Servicing:** Guaranty Bank & Trust, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*