# PPP loan: THERMO-TECH MECHANICAL INSULATION, INC.
> **$432K** approved 07/21/2020 · Paid in Full · Loan `6131448110`
## Borrower
- **Name:** THERMO-TECH MECHANICAL INSULATION, INC.
- **Address:** 104 North Water Street, WATERTOWN, WI, 53094
- **NAICS:** 238310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $432K
- **Initial approval:** $432K
- **Forgiven:** $434K (100%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $400K
- **Rent:** $32K
- **Jobs reported:** 32
## 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*