# PPP loan: MATRIX INDUSTRIES INC
> **$588K** approved 05/01/2020 · Charged Off · Loan `6475347700`
## Borrower
- **Name:** MATRIX INDUSTRIES INC
- **Address:** 1440 OBRIEN DR STE A, MENLO PARK, CA, 94025-1672
- **NAICS:** 334413
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $588K
- **Initial approval:** $588K
- **Forgiven:** $393K (67%)
- **Forgiveness date:** 07/22/2021
- **Status:** Charged Off
- **Term:** 23 months
## Use of funds
- **Payroll:** $588K
- **Jobs reported:** 46
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*