# PPP loan: FORMOLOGY LAB, INC.
> **$174K** approved 05/01/2020 · Paid in Full · Loan `3607907701`
## Borrower
- **Name:** FORMOLOGY LAB, INC.
- **Address:** 12744 SAN FERNANDO RD BLDG 3 UNIT 700, SYLMAR, CA, 91342
- **NAICS:** 325620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $139K
- **Rent:** $22K
- **Health care:** $13K
- **Jobs reported:** 9
## 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*