# PPP loan: SPIN MEMORY, INC.
> **$999K** approved 04/16/2020 · Paid in Full · Loan `2499577205`
## Borrower
- **Name:** SPIN MEMORY, INC.
- **Address:** 45500 Northport Loop W, 33 Arch St Floor 32, Fremont, CA, 94538
- **NAICS:** 334112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $999K
- **Initial approval:** $999K
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $999K
- **Jobs reported:** 50
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*