# PPP loan: SACO ENTERPRISES INC
> **$366K** approved 04/30/2020 · Paid in Full · Loan `7283517300`
## Borrower
- **Name:** SACO ENTERPRISES INC
- **Address:** 2260 TRADE ZONE BLVD, San Jose, CA, 95131
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $366K
- **Initial approval:** $366K
- **Forgiven:** $371K (101%)
- **Forgiveness date:** 09/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Rent:** $18K
- **Mortgage interest:** $18K
- **Utilities:** $18K
- **Health care:** $37K
- **Jobs reported:** 31
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*