# PPP loan: ACT-ON SOFTWARE INC
> **$3.65M** approved 04/28/2020 · Paid in Full · Loan `1149947302`
## Borrower
- **Name:** ACT-ON SOFTWARE INC
- **Address:** 121 SW Morrison, SUITE 1600, Portland, OR, 97204
- **NAICS:** 541613
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $3.65M
- **Initial approval:** $3.65M
- **Forgiven:** $3.69M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.40M
- **Mortgage interest:** $200K
- **Utilities:** $50K
- **Jobs reported:** 140
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*