# PPP loan: AMATEL INC
> **$409K** approved 02/04/2021 · Paid in Full · Loan `3402708409`
## Borrower
- **Name:** AMATEL INC
- **Address:** 1017 S Mountain Ave, Monrovia, CA, 91016-3642
- **NAICS:** 237130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $409K
- **Initial approval:** $409K
- **Forgiven:** $413K (101%)
- **Forgiveness date:** 04/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $409K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*