# PPP loan: FANAI INC.
> **$349K** approved 03/16/2021 · Paid in Full · Loan `2898778602`
## Borrower
- **Name:** FANAI INC.
- **Address:** 440 E Huntington Dr Ste 300, Arcadia, CA, 91006-3775
- **NAICS:** 518210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $349K
- **Initial approval:** $349K
- **Forgiven:** $351K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $349K
- **Utilities:** $1
- **Jobs reported:** 8
## 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*