# PPP loan: FORMALLOY TECHNOLOGIES INC
> **$175K** approved 04/28/2020 · Paid in Full · Loan `1001317305`
## Borrower
- **Name:** FORMALLOY TECHNOLOGIES INC
- **Address:** 2830 Via Orange Way Ste H, SPRING VALLEY, CA, 91978
- **NAICS:** 333244
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Rent:** $17K
- **Utilities:** $3K
- **Jobs reported:** 11
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*