# PPP loan: IET LABS INC
> **$708K** approved 05/01/2020 · Paid in Full · Loan `1481517707`
## Borrower
- **Name:** IET LABS INC
- **Address:** 1 Expressway Plz Ste 120, Roslyn Heights, NY, 11577
- **NAICS:** 334515
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $708K
- **Initial approval:** $708K
- **Forgiven:** $712K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $639K
- **Rent:** $23K
- **Utilities:** $2K
- **Health care:** $44K
- **Jobs reported:** 37
## 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*