# PPP loan: EFFEM CORPORATION
> **$1.30M** approved 04/06/2020 · Paid in Full · Loan `6336287009`
## Borrower
- **Name:** EFFEM CORPORATION
- **Address:** 1313 E. Baseline Rd, GILBERT, AZ, 85233-1216
- **NAICS:** 532299
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.04M
- **Rent:** $260K
- **Jobs reported:** 151
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*