# PPP loan: TRUSTEES OF THE PROCESS DISTRIBUTION GROUP 401(K) AND EMPLOY
> **$3.16M** approved 04/06/2020 · Paid in Full · Loan `5608017009`
## Borrower
- **Name:** TRUSTEES OF THE PROCESS DISTRIBUTION GROUP 401(K) AND EMPLOY
- **Address:** 5225 HeLLYER AVE Ste 250, SAN JOSE, CA, 95138-1002
- **NAICS:** 441310
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.16M
- **Initial approval:** $3.16M
- **Forgiven:** $3.20M (101%)
- **Forgiveness date:** 07/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.53M
- **Mortgage interest:** $632K
- **Jobs reported:** 177
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*