# PPP loan: FORMATION AG INC.
> **$152K** approved 04/14/2020 · Paid in Full · Loan `7338857110`
## Borrower
- **Name:** FORMATION AG INC.
- **Address:** 1021 US HIGHWAY 285, MONTE VISTA, CO, 81144-9793
- **NAICS:** 333111
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $137K
- **Mortgage interest:** $11K
- **Utilities:** $5K
- **Jobs reported:** 13
## Lender
- **Originating:** San Luis Valley Federal Bank
- **Servicing:** San Luis Valley Federal Bank (CO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*