# PPP loan: ALADTEC INC
> **$710K** approved 04/09/2020 · Paid in Full · Loan `9356787007`
## Borrower
- **Name:** ALADTEC INC
- **Address:** 387 ARROW COURT, SUITE 101, RIVER FALLS, WI, 54022-4593
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Change of Ownership
## Loan
- **Approval amount:** $710K
- **Initial approval:** $710K
- **Forgiven:** $716K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $532K
- **Rent:** $44K
- **Mortgage interest:** $44K
- **Utilities:** $44K
- **Debt interest:** $44K
- **Jobs reported:** 42
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*