# PPP loan: PORIFERA INC.
> **$486K** approved 01/30/2021 · Paid in Full · Loan `8831098308`
## Borrower
- **Name:** PORIFERA INC.
- **Address:** 1575 Alvarado St, San Leandro, CA, 94577-2640
- **NAICS:** 333318
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $486K
- **Initial approval:** $486K
- **Forgiven:** $488K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $486K
- **Utilities:** $1
- **Jobs reported:** 27
## 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*