# PPP loan: BIO-MED ENGINEERING, INC.
> **$220K** approved 05/01/2020 · Paid in Full · Loan `2740087709`
## Borrower
- **Name:** BIO-MED ENGINEERING, INC.
- **Address:** 3080 S STATE ST, SALT LAKE CITY, UT, 84115
- **NAICS:** 811219
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Health care:** $22K
- **Jobs reported:** 130
## 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*