# PPP loan: AMERICHIP, INC.
> **$485K** approved 04/15/2020 · Paid in Full · Loan `1569967206`
## Borrower
- **Name:** AMERICHIP, INC.
- **Address:** 19032 VERMONT AVE, GARDENA, CA, 90248-4412
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $485K
- **Forgiven:** $487K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $364K
- **Rent:** $43K
- **Utilities:** $5K
- **Health care:** $74K
- **Jobs reported:** 32
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*