# PPP loan: FRANMARA, INC.
> **$279K** approved 01/16/2021 · Paid in Full · Loan `1053048305`
## Borrower
- **Name:** FRANMARA, INC.
- **Address:** 560 Work St, Salinas, CA, 93901-4350
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $279K
- **Initial approval:** $279K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 05/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $279K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Pacific Valley Bank
- **Servicing:** Pacific Valley Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*