# PPP loan: INTECH INDUSTRIES, INC.
> **$250K** approved 04/28/2020 · Paid in Full · Loan `8820937200`
## Borrower
- **Name:** INTECH INDUSTRIES, INC.
- **Address:** 1101 BROWN ST, WAUCONDA, IL, 60084-1105
- **NAICS:** 333999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Health care:** $63K
- **Jobs reported:** 16
## Lender
- **Originating:** Schaumburg Bank & Trust Company, National Association
- **Servicing:** Schaumburg Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*