# PPP loan: WATERBIT, INC.
> **$741K** approved 04/28/2020 · Paid in Full · Loan `8284247200`
## Borrower
- **Name:** WATERBIT, INC.
- **Address:** 5870 Hellyer Ave Suite 50, San Jose, CA, 95138
- **NAICS:** 221310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $741K
- **Initial approval:** $741K
- **Forgiven:** $752K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $741K
- **Jobs reported:** 50
## 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*