# PPP loan: ADVANTECH INDUSTRIES INC
> **$1.62M** approved 04/14/2020 · Paid in Full · Loan `5980837102`
## Borrower
- **Name:** ADVANTECH INDUSTRIES INC
- **Address:** 3850 Buffalo Road, ROCHESTER, NY, 14624-1104
- **NAICS:** 331221
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Rent:** $140K
- **Utilities:** $69K
- **Health care:** $115K
- **Jobs reported:** 124
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*