# PPP loan: FRAANK SYSTEMS INC.
> **$472K** approved 04/24/2021 · Paid in Full · Loan `1124408903`
## Borrower
- **Name:** FRAANK SYSTEMS INC.
- **Address:** 1613 S Main St Ste 104, Milpitas, CA, 95035-6261
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $472K
- **Initial approval:** $472K
- **Forgiven:** $475K (101%)
- **Forgiveness date:** 02/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $472K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*