# PPP loan: LAX ELECTRONICS INC. AUTOMATIC CONNECTOR
> **$219K** approved 02/25/2021 · Paid in Full · Loan `4404518507`
## Borrower
- **Name:** LAX ELECTRONICS INC. AUTOMATIC CONNECTOR
- **Address:** 375 Oser Ave, Hauppauge, NY, 11788-3607
- **NAICS:** 335931
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $219K
- **Initial approval:** $219K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 05/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $219K
- **Jobs reported:** 27
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*