# PPP loan: INSTANT LABS, INC
> **$180K** approved 04/09/2020 · Charged Off · Loan `1047467103`
## Borrower
- **Name:** INSTANT LABS, INC
- **Address:** 5201 GREAT AMERICA PKWY Suite 320, SANTA CLARA, CA, 95054-1120
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $180K
- **Initial approval:** $150K
- **Forgiven:** $150K (83%)
- **Forgiveness date:** 08/31/2022
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $180K
- **Jobs reported:** 8
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*