# PPP loan: WERAI INC
> **$258K** approved 04/14/2020 · Paid in Full · Loan `6498717108`
## Borrower
- **Name:** WERAI INC
- **Address:** 31441 Santa Margarita Parkway #A210, Rancho Santa Margarita, CA, 92688
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Jobs reported:** 9
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*