# PPP loan: LUTH RESEARCH LLC
> **$1.31M** approved 02/04/2021 · Paid in Full · Loan `2998508403`
## Borrower
- **Name:** LUTH RESEARCH LLC
- **Address:** 1365 4th Ave, San Diego, CA, 92101-4208
- **NAICS:** 561422
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.33M (101%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.31M
- **Utilities:** $1
- **Jobs reported:** 127
## Lender
- **Originating:** CommerceWest Bank
- **Servicing:** CommerceWest Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*