# PPP loan: ELECTRIC PROPULSION LABORATORY, INC
> **$221K** approved 04/07/2020 · Paid in Full · Loan `7024467010`
## Borrower
- **Name:** ELECTRIC PROPULSION LABORATORY, INC
- **Address:** 1040 SYNTHES AVE, MONUMENT, CO, 80132-8173
- **NAICS:** 325414
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $21K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Jobs reported:** 11
## Lender
- **Originating:** FirstBank
- **Servicing:** FirstBank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*