# PPP loan: ITU ABSORBTECH, INC.
> **$5.54M** approved 04/08/2020 · Paid in Full · Loan `8740267004`
## Borrower
- **Name:** ITU ABSORBTECH, INC.
- **Address:** 2700 160TH ST, NEW BERLIN, WI, 53151-3602
- **NAICS:** 812332
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.54M
- **Initial approval:** $5.54M
- **Forgiven:** $5.60M (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.54M
- **Jobs reported:** 455
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*