# PPP loan: SOFFA INDUSTRIES INC
> **$348K** approved 04/30/2020 · Paid in Full · Loan `5810037302`
## Borrower
- **Name:** SOFFA INDUSTRIES INC
- **Address:** 5901 Corvette St, Commerce, CA, 90040
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $348K
- **Initial approval:** $348K
- **Forgiven:** $351K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $348K
- **Jobs reported:** 21
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*