# PPP loan: ALGO-LOGIC SYSTEMS, INC.
> **$346K** approved 05/01/2020 · Paid in Full · Loan `6908347707`
## Borrower
- **Name:** ALGO-LOGIC SYSTEMS, INC.
- **Address:** 172 Component Drive, San Jose, CA, 95131
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $346K
- **Initial approval:** $346K
- **Forgiven:** $348K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $346K
- **Jobs reported:** 16
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*