# PPP loan: VERSA ENGINEERING & TECHNOLOGY INC
> **$1.53M** approved 05/01/2020 · Exemption 4 · Loan `4815837703`
## Borrower
- **Name:** VERSA ENGINEERING & TECHNOLOGY INC
- **Address:** 1320 WILLOW PASS ROAD S500, CONCORD, CA, 94520
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.53M
- **Initial approval:** $1.53M
- **Forgiven:** $1.20M (79%)
- **Forgiveness date:** 01/05/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.53M
- **Jobs reported:** 48
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*