# PPP loan: UNITED SILICON CARBIDE, INC .
> **$626K** approved 05/01/2020 · Paid in Full · Loan `1662737702`
## Borrower
- **Name:** UNITED SILICON CARBIDE, INC .
- **Address:** 7 DEERPARK DR STE E, MONMOUTH JUNCTION, NJ, 08852
- **NAICS:** 541712
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $626K
- **Initial approval:** $626K
- **Forgiven:** $630K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $511K
- **Rent:** $27K
- **Utilities:** $23K
- **Health care:** $65K
- **Jobs reported:** 28
## 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*