# PPP loan: ELECTROMAGNETIC TECHNOLOGIES INDUSTRIES
> **$177K** approved 01/28/2021 · Paid in Full · Loan `7250658307`
## Borrower
- **Name:** ELECTROMAGNETIC TECHNOLOGIES INDUSTRIES
- **Address:** 50 Intervale Rd Ste 7, Boonton, NJ, 07005-1060
- **NAICS:** 334419
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $179K (101%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $177K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*