# PPP loan: LORE IO, INC.
> **$387K** approved 04/15/2020 · Paid in Full · Loan `1167647201`
## Borrower
- **Name:** LORE IO, INC.
- **Address:** 111 W Evelyn Ave Suite 119, Sunnyvale, CA, 94086
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $387K
- **Initial approval:** $387K
- **Forgiven:** $391K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $370K
- **Mortgage interest:** $16K
- **Utilities:** $1K
- **Jobs reported:** 11
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*