# PPP loan: SATELLITE AFFORDABLE HOUSING ASSOCIATES
> **$1.59M** approved 04/10/2020 · Paid in Full · Loan `2534327109`
## Borrower
- **Name:** SATELLITE AFFORDABLE HOUSING ASSOCIATES
- **Address:** 1835 Alcatraz Ave, BERKELEY, CA, 94703-2714
- **NAICS:** 531110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.59M
- **Initial approval:** $1.61M
- **Forgiven:** $1.60M (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.59M
- **Jobs reported:** 96
## Lender
- **Originating:** Farmers & Merchants Bank of Central California
- **Servicing:** Farmers & Merchants Bank of Central California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*