 Frequency Electronics, Inc. FEIM the Company or FEI, as previously announced, received proceeds on April 12, 2020 from a loan in the amount of 4,964,810 the PPP Loan from JPMorgan Chase Bank, N.A. as the lender the Lender, pursuant to the Small Business Administration the SBA Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security Act. On May 6, 2020, the Company elected to repay the PPP Loan in full. 