# PPP loan: ALTECO CORP.
> **$250K** approved 05/01/2020 · Paid in Full · Loan `6524377706`
## Borrower
- **Name:** ALTECO CORP.
- **Address:** 100 DUFFY AVE STE 510, HICKSVILLE, NY, 11801-3636
- **NAICS:** 236116
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $235K (94%)
- **Forgiveness date:** 01/12/2023
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 10
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*