# PPP loan: SOCKET MOBILE, INC.
> **$1.06M** approved 04/11/2020 · Paid in Full · Loan `2794737110`
## Borrower
- **Name:** SOCKET MOBILE, INC.
- **Address:** 39700 Eureka Drive, NEWARK, CA, 94560-4808
- **NAICS:** 334111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $950K
- **Rent:** $97K
- **Utilities:** $9K
- **Debt interest:** $2K
- **Jobs reported:** 48
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*