# PPP loan: CNEX LABS INC.
> **$1.18M** approved 02/22/2021 · Paid in Full · Loan `2681128507`
## Borrower
- **Name:** CNEX LABS INC.
- **Address:** 2880 Stevens Creek Blvd Ste 300, San Jose, CA, 95128-4608
- **NAICS:** 334413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.20M (102%)
- **Forgiveness date:** 03/06/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.18M
- **Utilities:** $1
- **Jobs reported:** 35
## 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*