# PPP loan: AMP TECH INC.
> **$2.87M** approved 04/15/2020 · Exemption 4 · Loan `2156067203`
## Borrower
- **Name:** AMP TECH INC.
- **Address:** 6818 Fresh Pond Rd., RIDGEWOOD, NY, 11385
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.87M
- **Initial approval:** $2.87M
- **Forgiven:** $1.67M (58%)
- **Forgiveness date:** 12/08/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $2.87M
- **Jobs reported:** 162
## Lender
- **Originating:** Signature Bank
- **Servicing:** Flagstar Bank National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*