# PPP loan: SVTRONICS INC
> **$1.40M** approved 01/17/2021 · Paid in Full · Loan `1413418303`
## Borrower
- **Name:** SVTRONICS INC
- **Address:** 3465 Technology Dr, Plano, TX, 75074-7433
- **NAICS:** 334418
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.40M (100%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.40M
- **Utilities:** $1
- **Jobs reported:** 130
## Lender
- **Originating:** Texas Champion Bank
- **Servicing:** Texas Champion Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*