# PPP loan: CYGTEC INC
> **$806K** approved 06/29/2020 · Charged Off · Loan `5729248000`
## Borrower
- **Name:** CYGTEC INC
- **Address:** 6512 SIX FORKS RD STE 304B, RALEIGH, NC, 27615-6500
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $806K
- **Initial approval:** $806K
- **Status:** Charged Off
- **Term:** 38 months
## Use of funds
- **Payroll:** $806K
- **Jobs reported:** 36
## Lender
- **Originating:** Fountainhead SBF LLC
- **Servicing:** Fountainhead SBF LLC (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*