# PPP loan: TANK UTILITY, INC.
> **$645K** approved 04/14/2020 · Paid in Full · Loan `6050387107`
## Borrower
- **Name:** TANK UTILITY, INC.
- **Address:** 87 Summer Street, 5th Floor, Boston, MA, 02110
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $645K
- **Initial approval:** $645K
- **Forgiven:** $648K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $620K
- **Rent:** $25K
- **Jobs reported:** 33
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*