# PPP loan: TESTIM INC
> **$300K** approved 05/22/2020 · Paid in Full · Loan `2232217802`
## Borrower
- **Name:** TESTIM INC
- **Address:** 325  9TH ST, SAN FRANCISCO, CA, 94103-3808
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Rent:** $30K
- **Jobs reported:** 14
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*