# PPP loan: STARTECH COMPUTING, INC
> **$338K** approved 04/07/2020 · Paid in Full · Loan `7328237010`
## Borrower
- **Name:** STARTECH COMPUTING, INC
- **Address:** 999 Westview DR STE 6, HASTINGS, MN, 55033-2432
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $338K
- **Initial approval:** $338K
- **Forgiven:** $340K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Utilities:** $85K
- **Jobs reported:** 26
## Lender
- **Originating:** First Farmers & Merchants Bank
- **Servicing:** First Farmers & Merchants Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*