# PPP loan: LAXCO, INC.
> **$306K** approved 05/01/2020 · Paid in Full · Loan `5428097700`
## Borrower
- **Name:** LAXCO, INC.
- **Address:** 18303 BOTHELL EVERETT HWY STE 140, BOTHELL, WA, 98012-5232
- **NAICS:** 541712
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $312K (102%)
- **Forgiveness date:** 05/05/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $306K
- **Jobs reported:** 34
## 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*