# PPP loan: POLYMER TECHNOLOGIES INC.
> **$1.85M** approved 04/15/2020 · Paid in Full · Loan `9028647110`
## Borrower
- **Name:** POLYMER TECHNOLOGIES INC.
- **Address:** 420 Corporate Boulevard, Newark, DE, 19702
- **NAICS:** 326150
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.86M (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.38M
- **Rent:** $133K
- **Mortgage interest:** $12K
- **Utilities:** $70K
- **Health care:** $238K
- **Debt interest:** $20K
- **Jobs reported:** 160
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*