# PPP loan: PRACTICAL INSTRUMENT ELECTRONICS INC.
> **$182K** approved 04/28/2020 · Paid in Full · Loan `9004417204`
## Borrower
- **Name:** PRACTICAL INSTRUMENT ELECTRONICS INC.
- **Address:** 34 May Street Suite 3.14, Webster, NY, 14580
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $182K
- **Forgiven:** $184K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $136K
- **Rent:** $23K
- **Utilities:** $23K
- **Jobs reported:** 14
## Lender
- **Originating:** Evans Bank, National Association
- **Servicing:** Evans Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*