# PPP loan: FORMLABS INC.
> **$7.66M** approved 04/13/2020 · Paid in Full · Loan `4517407106`
## Borrower
- **Name:** FORMLABS INC.
- **Address:** 35 Medford St Suite 301 0.0, Somerville, MA, 02143-4237
- **NAICS:** 333244
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.66M
- **Initial approval:** $7.66M
- **Forgiven:** $7.76M (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.97M
- **Rent:** $613K
- **Utilities:** $74K
- **Jobs reported:** 484
## 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*