# PPP loan: APPLIED POWER SYSTEMS INC
> **$345K** approved 03/18/2021 · Paid in Full · Loan `4740848609`
## Borrower
- **Name:** APPLIED POWER SYSTEMS INC
- **Address:** 124 Charlotte Ave, Hicksville, NY, 11801-2620
- **NAICS:** 335314
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $348K (101%)
- **Forgiveness date:** 02/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $345K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*