# PPP loan: TESTEX INC.
> **$271K** approved 04/14/2020 · Paid in Full · Loan `7833657106`
## Borrower
- **Name:** TESTEX INC.
- **Address:** 303 Markus Court, Newark, DE, 19713
- **NAICS:** 424610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Rent:** $11K
- **Utilities:** $2K
- **Jobs reported:** 37
## 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*