# PPP loan: FARRIS ELECTRIC, INC.
> **$708K** approved 05/06/2020 · Paid in Full · Loan `3033067404`
## Borrower
- **Name:** FARRIS ELECTRIC, INC.
- **Address:** 834 JURY CT., STE B, SAN JOSE, CA, 95112-2826
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $708K
- **Initial approval:** $751K
- **Forgiven:** $600K (85%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $708K
- **Jobs reported:** 35
## Lender
- **Originating:** Technology CU
- **Servicing:** Technology CU (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*