# PPP loan: MICRON SYSTEMS INC.
> **$324K** approved 05/01/2020 · Paid in Full · Loan `2242037702`
## Borrower
- **Name:** MICRON SYSTEMS INC.
- **Address:** 17-17 State Rt 208 Ste 200, Fair Lawn, NJ, 07410
- **NAICS:** 999990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Rent:** $24K
- **Utilities:** $2K
- **Jobs reported:** 16
## 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*