# PPP loan: PLANETARY MACHINE & ENGINEERING INC.
> **$342K** approved 02/04/2021 · Paid in Full · Loan `2898688403`
## Borrower
- **Name:** PLANETARY MACHINE & ENGINEERING INC.
- **Address:** 976 S Andreasen Dr Ste A, Escondido, CA, 92029-1949
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 02/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $342K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*