# PPP loan: THE NEW IEM, LLC
> **$4.00M** approved 04/28/2020 · Paid in Full · Loan `9887397203`
## Borrower
- **Name:** THE NEW IEM, LLC
- **Address:** 48205 WARM SPRINGS BLVD, FREMONT, CA, 94539-7654
- **NAICS:** 335313
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.00M
- **Initial approval:** $4.00M
- **Forgiven:** $4.05M (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.20M
- **Mortgage interest:** $800K
- **Jobs reported:** 212
## 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*