# PPP loan: FRANCHISE UPDATE INC.
> **$317K** approved 03/12/2021 · Paid in Full · Loan `9147328510`
## Borrower
- **Name:** FRANCHISE UPDATE INC.
- **Address:** 1273 Quail Creek Cir, San Jose, CA, 95120-4152
- **NAICS:** 541890
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 02/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $317K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Heritage Bank of Commerce
- **Servicing:** Heritage Bank of Commerce (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*