# PPP loan: AC-DC INC
> **$150K** approved 05/18/2020 · Paid in Full · Loan `8364277405`
## Borrower
- **Name:** AC-DC INC
- **Address:** 1519 E Price Street, Laredo, TX, 78040
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 04/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 31
## Lender
- **Originating:** PeopleFund
- **Servicing:** PeopleFund (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*