# PPP loan: SHANNON INDUSTRIES INC.
> **$155K** approved 02/18/2021 · Paid in Full · Loan `1427218510`
## Borrower
- **Name:** SHANNON INDUSTRIES INC.
- **Address:** 641 University Ave, Los Gatos, CA, 95032-4415
- **NAICS:** 238390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $155K
- **Utilities:** $1
- **Jobs reported:** 6
## Lender
- **Originating:** Heritage Bank of Commerce
- **Servicing:** Heritage Bank of Commerce (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*