# PPP loan: CIM-TECH CORP
> **$200K** approved 04/14/2020 · Paid in Full · Loan `7161017109`
## Borrower
- **Name:** CIM-TECH CORP
- **Address:** 40 Corporate Park Drive, Hopewell Junction, NY, 12533
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $12K
- **Mortgage interest:** $4K
- **Utilities:** $2K
- **Health care:** $22K
- **Jobs reported:** 16
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*