# PPP loan: GROUND TECH, INC.
> **$365K** approved 04/08/2020 · Paid in Full · Loan `7837917000`
## Borrower
- **Name:** GROUND TECH, INC.
- **Address:** 19114 Lyons St NE, WYOMING, MN, 55092-9145
- **NAICS:** 561730
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $365K
- **Initial approval:** $365K
- **Forgiven:** $368K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Rent:** $13K
- **Utilities:** $3K
- **Health care:** $28K
- **Jobs reported:** 23
## Lender
- **Originating:** First Resource Bank
- **Servicing:** First Resource Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*