# PPP loan: MICRO-AIR, INC.
> **$397K** approved 04/28/2020 · Paid in Full · Loan `7132907204`
## Borrower
- **Name:** MICRO-AIR, INC.
- **Address:** 124 Route 526, Allentown, NJ, 08501
- **NAICS:** 492110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $402K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $297K
- **Rent:** $50K
- **Utilities:** $50K
- **Jobs reported:** 27
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*