# PPP loan: MICROTESLA MAGNETIC FIELD EFFECTS LLC
> **$161K** approved 03/28/2021 · Paid in Full · Loan `2108228706`
## Borrower
- **Name:** MICROTESLA MAGNETIC FIELD EFFECTS LLC
- **Address:** 13604 Almeda School Rd, Houston, TX, 77047-4006
- **NAICS:** 334511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 07/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $161K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*