# PPP loan: SYNG INC.
> **$1.50M** approved 05/07/2021 · Exemption 4 · Loan `7440808904`
## Borrower
- **Name:** SYNG INC.
- **Address:** 120 Mildred Ave, Venice, CA, 90291-4227
- **NAICS:** 334310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.39M (93%)
- **Forgiveness date:** 05/03/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.50M
- **Utilities:** $1
- **Jobs reported:** 60
## 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*