# PPP loan: BESTEK MANUFACTURING, INC.
> **$450K** approved 05/01/2020 · Exemption 4 · Loan `8087017703`
## Borrower
- **Name:** BESTEK MANUFACTURING, INC.
- **Address:** 675 Sycamore Drive, Suite 170, Milpitas, CA, 95035
- **NAICS:** 334118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $337K (75%)
- **Forgiveness date:** 08/13/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $450K
- **Jobs reported:** 50
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*