# PPP loan: CAITEC CORPORATION
> **$158K** approved 04/14/2020 · Paid in Full · Loan `6493117106`
## Borrower
- **Name:** CAITEC CORPORATION
- **Address:** 4601 Hollins Ferry Road, Halethorpe, MD, 21227
- **NAICS:** 424990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $112K
- **Rent:** $30K
- **Utilities:** $7K
- **Health care:** $9K
- **Jobs reported:** 14
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*