# PPP loan: IGNITEC INC
> **$431K** approved 04/08/2020 · Paid in Full · Loan `7755207006`
## Borrower
- **Name:** IGNITEC INC
- **Address:** 1900 Reston Metro Plaza, RESTON, VA, 20190-5218
- **NAICS:** 541990
- **Business type:** Sole Proprietorship
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $431K
- **Initial approval:** $431K
- **Forgiven:** $436K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $431K
- **Jobs reported:** 31
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*