# PPP loan: APPLIED PHYSICAL ELECTRONICS LC
> **$317K** approved 05/01/2020 · Paid in Full · Loan `2902217704`
## Borrower
- **Name:** APPLIED PHYSICAL ELECTRONICS LC
- **Address:** 5208 Electric Ave, AUSTIN, TX, 78669
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $261K
- **Rent:** $36K
- **Utilities:** $3K
- **Health care:** $16K
- **Debt interest:** $560
- **Jobs reported:** 14
## 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*