# PPP loan: APPLIED CONTROL ENGINEERING, INC.
> **$2.29M** approved 04/14/2020 · Paid in Full · Loan `5839397102`
## Borrower
- **Name:** APPLIED CONTROL ENGINEERING, INC.
- **Address:** 700 Creek View Road, NEWARK, DE, 19711-8544
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.29M
- **Initial approval:** $2.29M
- **Forgiven:** $2.32M (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.00M
- **Rent:** $129K
- **Utilities:** $15K
- **Health care:** $140K
- **Jobs reported:** 139
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*