# PPP loan: OUT TECH, INC.
> **$161K** approved 04/09/2020 · Paid in Full · Loan `9908057010`
## Borrower
- **Name:** OUT TECH, INC.
- **Address:** 3607 ROSEMONT AVE, CAMP HILL, PA, 17011-6904
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Utilities:** $32K
- **Jobs reported:** 23
## Lender
- **Originating:** Farmers and Merchants Trust Company of Chambersburg
- **Servicing:** Farmers and Merchants Trust Company of Chambersburg (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*