# PPP loan: PROMISE TECHNOLOGY, INC.
> **$718K** approved 06/04/2020 · Paid in Full · Loan `7904427802`
## Borrower
- **Name:** PROMISE TECHNOLOGY, INC.
- **Address:** 580 COTTONWOOD DR, MILPITAS, CA, 95035-7403
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $718K
- **Initial approval:** $718K
- **Forgiven:** $585K (81%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $718K
- **Jobs reported:** 15
## Lender
- **Originating:** Cathay Bank
- **Servicing:** Cathay Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*