# PPP loan: VAE INDUSTRIES CORPORATION
> **$221K** approved 04/30/2020 · Paid in Full · Loan `7779637305`
## Borrower
- **Name:** VAE INDUSTRIES CORPORATION
- **Address:** 5402 Research Drive, Huntington Beach, CA, 92649
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Rent:** $28K
- **Utilities:** $28K
- **Jobs reported:** 24
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*