# PPP loan: CLOUDCHIP INC
> **$391K** approved 05/01/2020 · Paid in Full · Loan `9072257304`
## Borrower
- **Name:** CLOUDCHIP INC
- **Address:** 3235 KIFER RD STE 150, SANTA CLARA, CA, 95051-0815
- **NAICS:** 334419
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $391K
- **Initial approval:** $391K
- **Forgiven:** $245K (63%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $391K
- **Jobs reported:** 20
## Lender
- **Originating:** Cathay Bank
- **Servicing:** Cathay Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*