# PPP loan: APPLAB SYSTEMS INC
> **$1.96M** approved 01/23/2021 · Paid in Full · Loan `4992188303`
## Borrower
- **Name:** APPLAB SYSTEMS INC
- **Address:** 4041 Hadley Rd Ste A, South Plainfield, NJ, 07080-1111
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.97M (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.96M
- **Utilities:** $1
- **Jobs reported:** 105
## Lender
- **Originating:** Washington Trust Bank
- **Servicing:** Washington Trust Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*