# PPP loan: AMERICAN CERAMIC TECHNOLOGY
> **$244K** approved 03/12/2021 · Paid in Full · Loan `9507938510`
## Borrower
- **Name:** AMERICAN CERAMIC TECHNOLOGY
- **Address:** 12909 Lomas Verdes Dr, Poway, CA, 92064-1250
- **NAICS:** 326299
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $244K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*