# PPP loan: WEIDA FREIGHT SYSTEM INC.
> **$318K** approved 04/11/2020 · Paid in Full · Loan `2781167106`
## Borrower
- **Name:** WEIDA FREIGHT SYSTEM INC.
- **Address:** 19360 VAN NESS AVE, TORRANCE, CA, 90501-1103
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $318K
- **Jobs reported:** 25
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*