# PPP loan: IET LABS INC
> **$708K** approved 03/12/2021 · Paid in Full · Loan `1156648605`
## Borrower
- **Name:** IET LABS INC
- **Address:** 1 Expressway Plz Ste 120, Roslyn Heights, NY, 11577-2031
- **NAICS:** 334515
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $708K
- **Initial approval:** $708K
- **Forgiven:** $716K (101%)
- **Forgiveness date:** 05/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $708K
- **Utilities:** $1
- **Jobs reported:** 38
## 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*