# PPP loan: SOFTECH USA
> **$155K** approved 04/10/2020 · Paid in Full · Loan `1959297103`
## Borrower
- **Name:** SOFTECH USA
- **Address:** 1600 Dove St Suite 110, NEWPORT BEACH, CA, 92660-1417
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $200K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $155K
- **Jobs reported:** 15
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*