# PPP loan: SILVERSTAR SOUND & COMMUNICATIONS INC.
> **$369K** approved 05/01/2020 · Charged Off · Loan `9841447700`
## Borrower
- **Name:** SILVERSTAR SOUND & COMMUNICATIONS INC.
- **Address:** 1206 MARINERS DR, NEWPORT BEACH, CA, 92660-4926
- **NAICS:** 811219
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $369K
- **Initial approval:** $148K
- **Forgiven:** $273K (74%)
- **Forgiveness date:** 06/07/2023
- **Status:** Charged Off
- **Term:** 19 months
## Use of funds
- **Payroll:** $369K
- **Jobs reported:** 15
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*