# PPP loan: AMERICAN PRECISION AVIONICS INC
> **$541K** approved 01/20/2021 · Paid in Full · Loan `2068218305`
## Borrower
- **Name:** AMERICAN PRECISION AVIONICS INC
- **Address:** 3815 Prosperity Rd, Duluth, MN, 55811-4059
- **NAICS:** 334419
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $541K
- **Initial approval:** $541K
- **Forgiven:** $544K (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $541K
- **Utilities:** $1
- **Jobs reported:** 62
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*