# PPP loan: APPLIED MINERALS INC
> **$223K** approved 05/01/2020 · Paid in Full · Loan `5282217706`
## Borrower
- **Name:** APPLIED MINERALS INC
- **Address:** SUITE 301 55 WASHINGTON ST STE 301, BROOKLYN, NY, 11201-1077
- **NAICS:** 212325
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $223K
- **Initial approval:** $94K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Jobs reported:** 13
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*