# PPP loan: GLOBALTECH INDUSTRIES, INC.
> **$757K** approved 04/15/2020 · Paid in Full · Loan `8425117103`
## Borrower
- **Name:** GLOBALTECH INDUSTRIES, INC.
- **Address:** 418 HIGWAY 441 BYPASS, CORNELIA, GA, 30531
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $757K
- **Initial approval:** $757K
- **Forgiven:** $766K (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $757K
- **Jobs reported:** 105
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*