# PPP loan: FRANCHISE UPDATE INC
> **$317K** approved 04/27/2020 · Paid in Full · Loan `4960107202`
## Borrower
- **Name:** FRANCHISE UPDATE INC
- **Address:** 6489 CAMDEN AVE STE 204, SAN JOSE, CA, 95120
- **NAICS:** 511120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $321K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $317K
- **Jobs reported:** 22
## Lender
- **Originating:** Heritage Bank of Commerce
- **Servicing:** Heritage Bank of Commerce (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*