# PPP loan: TECNICA GROUP USA CORP
> **$948K** approved 04/14/2020 · Paid in Full · Loan `7035987106`
## Borrower
- **Name:** TECNICA GROUP USA CORP
- **Address:** 19 TECHNOLOGY DR, WEST LEBANON, NH, 03784-1673
- **NAICS:** 339920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $948K
- **Initial approval:** $948K
- **Forgiven:** $953K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $711K
- **Rent:** $104K
- **Utilities:** $76K
- **Health care:** $57K
- **Jobs reported:** 50
## Lender
- **Originating:** Ledyard National Bank
- **Servicing:** Ledyard National Bank (VT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*