# PPP loan: HI-TECH INCORPORATED
> **$740K** approved 01/30/2021 · Paid in Full · Loan `8874908302`
## Borrower
- **Name:** HI-TECH INCORPORATED
- **Address:** 16822 Pacific Ave S, Spanaway, WA, 98387-8255
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $740K
- **Initial approval:** $740K
- **Forgiven:** $749K (101%)
- **Forgiveness date:** 04/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $740K
- **Jobs reported:** 49
## Lender
- **Originating:** 1st Security Bank of Washington
- **Servicing:** 1st Security Bank of Washington (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*