# PPP loan: LUCID TECHNOLOGIES INC
> **$175K** approved 05/04/2020 · Paid in Full · Loan `1288977409`
## Borrower
- **Name:** LUCID TECHNOLOGIES INC
- **Address:** 11543 Nuckols Road, Glen Allen, VA, 23059
- **NAICS:** 541690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $131K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 5
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*