# PPP loan: APPLIED ENGINEERING CONCEPTS
> **$485K** approved 04/06/2020 · Paid in Full · Loan `6198797010`
## Borrower
- **Name:** APPLIED ENGINEERING CONCEPTS
- **Address:** 894 N. FAIR OAKS AVE, PASADENA, CA, 91103-3046
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $485K
- **Forgiven:** $489K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $485K
- **Jobs reported:** 28
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*