# PPP loan: MAXONIC INC
> **$2.20M** approved 04/27/2020 · Paid in Full · Loan `6212327202`
## Borrower
- **Name:** MAXONIC INC
- **Address:** 2542 S BASCOM AVE., CAMPBELL, CA, 95008
- **NAICS:** 541611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.20M
- **Initial approval:** $2.20M
- **Forgiven:** $2.23M (101%)
- **Forgiveness date:** 06/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.20M
- **Jobs reported:** 95
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*