# PPP loan: MICROELEC TECHNICAL
> **$188K** approved 04/30/2020 · Paid in Full · Loan `7131647305`
## Borrower
- **Name:** MICROELEC TECHNICAL
- **Address:** STE 110 4633 OLD IRONSIDES DR, SANTA CLARA, CA, 95054
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Jobs reported:** 9
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*