# PPP loan: AITECH DEFENSE SYSTEMS, INC.
> **$1.42M** approved 04/27/2020 · Paid in Full · Loan `5872837203`
## Borrower
- **Name:** AITECH DEFENSE SYSTEMS, INC.
- **Address:** 19756 PRAIRIE ST, CHATSWORTH, CA, 91311-6531
- **NAICS:** 334111
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.32M
- **Forgiven:** $1.44M (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Jobs reported:** 65
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*