# PPP loan: LOVELACE ENGINEERING, INC.
> **$170K** approved 04/28/2020 · Paid in Full · Loan `6371717209`
## Borrower
- **Name:** LOVELACE ENGINEERING, INC.
- **Address:** 5930 Cornerstone Court W, San Diego, CA, 92121
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Jobs reported:** 8
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*