# PPP loan: MEGAPHASE, L.L.C.
> **$530K** approved 04/15/2020 · Paid in Full · Loan `8587287100`
## Borrower
- **Name:** MEGAPHASE, L.L.C.
- **Address:** 122 Banner Road, STROUDSBURG, PA, 18360-6433
- **NAICS:** 334417
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $533K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $442K
- **Health care:** $88K
- **Jobs reported:** 41
## Lender
- **Originating:** ESSA Bank & Trust
- **Servicing:** ESSA Bank & Trust (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*