# PPP loan: COAST/ADVANCED CHIP MAGNETICS INC
> **$212K** approved 05/03/2020 · Paid in Full · Loan `6630537710`
## Borrower
- **Name:** COAST/ADVANCED CHIP MAGNETICS INC
- **Address:** 4225 SPENCER ST, TORRANCE, CA, 90503-2421
- **NAICS:** 334416
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $141K (67%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $212K
- **Jobs reported:** 19
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*