# PPP loan: MICRO PNEUMATIC LOGIC INC
> **$398K** approved 04/10/2020 · Paid in Full · Loan `2555627104`
## Borrower
- **Name:** MICRO PNEUMATIC LOGIC INC
- **Address:** 2901 Gateway Drive, POMPANO BEACH, FL, 33069-4326
- **NAICS:** 339991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $398K
- **Initial approval:** $398K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $299K
- **Utilities:** $100K
- **Jobs reported:** 11
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*