# PPP loan: GAFTEK INC
> **$1.74M** approved 02/11/2021 · Paid in Full · Loan `7012738410`
## Borrower
- **Name:** GAFTEK INC
- **Address:** 160 Perry Rd, Bangor, ME, 04401-6722
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.74M
- **Initial approval:** $1.74M
- **Forgiven:** $1.75M (101%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.74M
- **Utilities:** $1
- **Jobs reported:** 106
## Lender
- **Originating:** Machias Savings Bank
- **Servicing:** Machias Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*