# PPP loan: ALTHERM, INC.
> **$499K** approved 04/30/2020 · Paid in Full · Loan `5772397303`
## Borrower
- **Name:** ALTHERM, INC.
- **Address:** 1040 Wilt Avenue, Ridgefield, NJ, 07657--
- **NAICS:** 561990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $499K
- **Initial approval:** $499K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $499K
- **Jobs reported:** 23
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*