# PPP loan: CHEMTECH SERVICES INC.
> **$275K** approved 04/14/2020 · Paid in Full · Loan `6361167108`
## Borrower
- **Name:** CHEMTECH SERVICES INC.
- **Address:** 20648 GASKIN DR, ROMEOVILLE, IL, 60446-1910
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Rent:** $69K
- **Jobs reported:** 23
## Lender
- **Originating:** Old Plank Trail Community Bank, National Association
- **Servicing:** Old Plank Trail Community Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*