# PPP loan: WRIGHT ROBOTICS INC
> **$1.02M** approved 04/28/2020 · Charged Off · Loan `1198977307`
## Borrower
- **Name:** WRIGHT ROBOTICS INC
- **Address:** 8801 Research Drive, IRVINE, CA, 92618-4236
- **NAICS:** 333922
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $843K (83%)
- **Forgiveness date:** 08/04/2022
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $1.02M
- **Rent:** $100
- **Jobs reported:** 21
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*