# PPP loan: CENTRIFUGAL TECHNOLOGIES INC.
> **$790K** approved 04/07/2020 · Paid in Full · Loan `6787517005`
## Borrower
- **Name:** CENTRIFUGAL TECHNOLOGIES INC.
- **Address:** 330 CENTECH DR, HICKORY, KY, 42051-9056
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $790K
- **Initial approval:** $790K
- **Forgiven:** $797K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $750K
- **Rent:** $20K
- **Utilities:** $20K
- **Jobs reported:** 43
## Lender
- **Originating:** The Paducah Bank and Trust Company
- **Servicing:** The Paducah Bank and Trust Company (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*