# PPP loan: APPLIED ORGANICS, INC.
> **$153K** approved 04/10/2020 · Paid in Full · Loan `2339987102`
## Borrower
- **Name:** APPLIED ORGANICS, INC.
- **Address:** 27106 NE 40th Street, REDMOND, WA, 98053-8724
- **NAICS:** 561730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $123K
- **Mortgage interest:** $29K
- **Utilities:** $2K
- **Jobs reported:** 8
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*