# PPP loan: SAALEX CORP.
> **$8.65M** approved 04/05/2020 · Exemption 4 · Loan `5533507008`
## Borrower
- **Name:** SAALEX CORP.
- **Address:** 811 A Camarillo Springs Rd, Camarillo, CA, 93012
- **NAICS:** 541715
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.65M
- **Initial approval:** $8.65M
- **Forgiven:** $7.17M (83%)
- **Forgiveness date:** 06/11/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $8.65M
- **Jobs reported:** 500
## Lender
- **Originating:** Live Oak Banking Company
- **Servicing:** Live Oak Banking Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*