# PPP loan: ITECH US INC
> **$5.42M** approved 04/08/2020 · Paid in Full · Loan `7726887001`
## Borrower
- **Name:** ITECH US INC
- **Address:** 20 KIMBALL AVE Ste 303N, SOUTH BURLINGTON, VT, 05403-6805
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.42M
- **Initial approval:** $5.42M
- **Forgiven:** $5.48M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.10M
- **Rent:** $271K
- **Utilities:** $54K
- **Jobs reported:** 260
## Lender
- **Originating:** First United Bank and Trust Company
- **Servicing:** First United Bank and Trust Company (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*