# PPP loan: TORCHLITE TECHNOLOGIES INC
> **$158K** approved 04/07/2020 · Paid in Full · Loan `7142817009`
## Borrower
- **Name:** TORCHLITE TECHNOLOGIES INC
- **Address:** 1300 E 86th Street Ste 36A, Indianapolis, IN, 46280-0502
- **NAICS:** 541613
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 18
## Lender
- **Originating:** The National Bank of Indianapolis
- **Servicing:** The National Bank of Indianapolis (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*