# PPP loan: KTM INDUSTRIES, INC.
> **$306K** approved 05/01/2020 · Paid in Full · Loan `8793477306`
## Borrower
- **Name:** KTM INDUSTRIES, INC.
- **Address:** 3022 HELSAN DR, RICHFIELD, WI, 53076-9582
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $309K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Rent:** $77K
- **Jobs reported:** 24
## Lender
- **Originating:** Town Bank, National Association
- **Servicing:** Town Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*