# PPP loan: SHRED WORKS INC
> **$228K** approved 04/09/2020 · Paid in Full · Loan `8921427003`
## Borrower
- **Name:** SHRED WORKS INC
- **Address:** 1601 Bayshore Hwy, Ste 211, BURLINGAME, CA, 94010-1501
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Rent:** $30K
- **Mortgage interest:** $1K
- **Utilities:** $1K
- **Jobs reported:** 26
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*