# PPP loan: SLM DEVELOPMENT INC
> **$421K** approved 04/30/2020 · Paid in Full · Loan `6436207309`
## Borrower
- **Name:** SLM DEVELOPMENT INC
- **Address:** 563 PALOMAR DR., REDWOOD CITY, CA, 94062
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $421K
- **Initial approval:** $421K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $421K
- **Jobs reported:** 40
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*