# PPP loan: SAVONIX INC
> **$369K** approved 04/08/2021 · Charged Off · Loan `8702848704`
## Borrower
- **Name:** SAVONIX INC
- **Address:** 490 43rd St # 50, Oakland, CA, 94609-2138
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $369K
- **Initial approval:** $369K
- **Status:** Charged Off
- **Term:** 40 months
## Use of funds
- **Payroll:** $369K
- **Jobs reported:** 16
## 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*