# PPP loan: FORMATECH INC.
> **$302K** approved 01/29/2021 · Paid in Full · Loan `8082058309`
## Borrower
- **Name:** FORMATECH INC.
- **Address:** 3024 Interstate Pkwy, Brunswick, OH, 44212-4324
- **NAICS:** 337215
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $302K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*