# PPP loan: SOMA MAGNETICS, INC.
> **$200K** approved 05/03/2020 · Paid in Full · Loan `1063987400`
## Borrower
- **Name:** SOMA MAGNETICS, INC.
- **Address:** 585 S STATE COLLEGE BLVD., FULLERTON, CA, 92831
- **NAICS:** 334419
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $203K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 17
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*