# PPP loan: SUNBIT INC
> **$1.52M** approved 05/01/2020 · Paid in Full · Loan `4942617710`
## Borrower
- **Name:** SUNBIT INC
- **Address:** 10940 WILSHIRE BLVD STE 1850, LOS ANGELES, CA, 90024
- **NAICS:** 561499
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.55M (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.52M
- **Jobs reported:** 99
## 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*