# PPP loan: VALIDATION SYSTEMS, INC.
> **$318K** approved 04/30/2020 · Paid in Full · Loan `4717167307`
## Borrower
- **Name:** VALIDATION SYSTEMS, INC.
- **Address:** 988 San Antonio Road, Palo Alto, CA, 94303-4917
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $321K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $318K
- **Jobs reported:** 20
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*