# PPP loan: THE PHUNG FAMILY CORPORATION
> **$488K** approved 05/04/2020 · Paid in Full · Loan `1616207401`
## Borrower
- **Name:** THE PHUNG FAMILY CORPORATION
- **Address:** 3269 Adams St, Alameda, CA, 94501-5554
- **NAICS:** 445110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $488K
- **Initial approval:** $488K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $488K
- **Jobs reported:** 57
## Lender
- **Originating:** Gateway Bank, FSB
- **Servicing:** Gateway Bank, FSB (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*