# PPP loan: SOFFA ELECTRIC INC
> **$385K** approved 02/06/2021 · Paid in Full · Loan `4249688402`
## Borrower
- **Name:** SOFFA ELECTRIC INC
- **Address:** 5901 Corvette St, Commerce, CA, 90040-1601
- **NAICS:** 335313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $385K
- **Forgiven:** $387K (101%)
- **Forgiveness date:** 09/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $385K
- **Utilities:** $1
- **Jobs reported:** 38
## 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*