# PPP loan: PRESTO ENGINEERING, INC.
> **$179K** approved 04/29/2020 · Paid in Full · Loan `3777467300`
## Borrower
- **Name:** PRESTO ENGINEERING, INC.
- **Address:** 2635 N 1ST ST SUITE 212, SAN JOSE, CA, 95134-2049
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Rent:** $10K
- **Jobs reported:** 7
## 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*