# PPP loan: GCT SEMICONDUCTOR
> **$465K** approved 04/28/2020 · Paid in Full · Loan `9687037206`
## Borrower
- **Name:** GCT SEMICONDUCTOR
- **Address:** 2121 Ringwood Ave, San Jose, CA, 95131-1741
- **NAICS:** 334413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $465K
- **Initial approval:** $465K
- **Forgiven:** $470K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $372K
- **Mortgage interest:** $93K
- **Jobs reported:** 17
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*