# PPP loan: AMERICAN PRECISION AVIONICS
> **$541K** approved 04/13/2020 · Paid in Full · Loan `5490177102`
## Borrower
- **Name:** AMERICAN PRECISION AVIONICS
- **Address:** 3815 Prosperity Rd, DULUTH, MN, 55811-4059
- **NAICS:** 334419
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $541K
- **Initial approval:** $541K
- **Forgiven:** $545K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $541K
- **Jobs reported:** 73
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*