Formula Investments

$300,000 PPP Loan in Castro Valley, California

Loan Details

Loan Number
8615228610
Date Approved
Mar 25, 2021
Loan Status
Paid in Full
Initial Approval
$300,000
Current Approval
$300,000
Forgiveness Amount
$303,970
Forgiveness Date
Jul 28, 2022
Term
60 months
Draw
First Draw

Business Information

Business Name
Formula Investments
Address
2544 Watson St
ZIP Code
94546-6420
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541690)
Business Age
Existing or more than 2 years old
Jobs Reported
15
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
CA-14

Loan Use Breakdown

Payroll
$299,998
Utilities
$1

Lender Information

Servicing Lender
Cross River Bank
Originating Lender
Cross River Bank

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