# PPP loan: AERO CONTROLS INC
> **$1.88M** approved 02/19/2021 · Exemption 4 · Loan `1565288507`
## Borrower
- **Name:** AERO CONTROLS INC
- **Address:** 1610 20th St NW, Auburn, WA, 98001-3429
- **NAICS:** 336413
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.88M
- **Initial approval:** $1.88M
- **Forgiven:** $1.72M (91%)
- **Forgiveness date:** 12/28/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.88M
- **Utilities:** $1
- **Jobs reported:** 121
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*