# PPP loan: SOFFA ELECTRIC INC.
> **$394K** approved 04/16/2020 · Paid in Full · Loan `2978747205`
## Borrower
- **Name:** SOFFA ELECTRIC INC.
- **Address:** 5901 Corvette Street, LOS ANGELES, CA, 90040
- **NAICS:** 335313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $394K
- **Initial approval:** $394K
- **Forgiven:** $396K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $394K
- **Jobs reported:** 31
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*