# PPP loan: APPLIED COMPOSITE TECHNOLOGY AEROSPACE, INC.
> **$1.99M** approved 04/04/2020 · Paid in Full · Loan `4995327002`
## Borrower
- **Name:** APPLIED COMPOSITE TECHNOLOGY AEROSPACE, INC.
- **Address:** 425 E 400 N, GUNNISON, UT, 84634-0009
- **NAICS:** 336413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.99M
- **Initial approval:** $1.99M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.99M
- **Jobs reported:** 172
## 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*