# PPP loan: FUTURE TECH ENTERPRISE, INC.
> **$2.20M** approved 04/09/2020 · Paid in Full · Loan `9787777006`
## Borrower
- **Name:** FUTURE TECH ENTERPRISE, INC.
- **Address:** 101-8 Colin Drive 0.0, Holbrook, NY, 11741-4332
- **NAICS:** 541519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.20M
- **Initial approval:** $2.20M
- **Forgiven:** $2.23M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.89M
- **Rent:** $110K
- **Utilities:** $15K
- **Health care:** $80K
- **Debt interest:** $105K
- **Jobs reported:** 145
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*