# PPP loan: GENTECH SCIENTIFIC INC.
> **$421K** approved 04/15/2020 · Paid in Full · Loan `9242507104`
## Borrower
- **Name:** GENTECH SCIENTIFIC INC.
- **Address:** 25 Mill Street michele@gentechscientific.com, Arcade, NY, 14009
- **NAICS:** 334516
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $421K
- **Initial approval:** $421K
- **Forgiven:** $310K (74%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $316K
- **Rent:** $53K
- **Utilities:** $53K
- **Jobs reported:** 25
## Lender
- **Originating:** Evans Bank, National Association
- **Servicing:** Evans Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*