# PPP loan: TRANSMODUS CORPORATION
> **$278K** approved 04/15/2020 · Exemption 4 · Loan `1793367208`
## Borrower
- **Name:** TRANSMODUS CORPORATION
- **Address:** 500 East Esplanade Drive Suite 700, OXNARD, CA, 93036-0531
- **NAICS:** 522320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $302K
- **Forgiven:** $259K (93%)
- **Forgiveness date:** 03/11/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $278K
- **Jobs reported:** 14
## Lender
- **Originating:** Avidia Bank
- **Servicing:** Avidia Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*