# PPP loan: VISIONARY FIBER TECHNOLOGIES, INC.
> **$294K** approved 01/19/2021 · Paid in Full · Loan `1588788300`
## Borrower
- **Name:** VISIONARY FIBER TECHNOLOGIES, INC.
- **Address:** 1400 Blackjack St, Lockhart, TX, 78644-4901
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $295K (100%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $293K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** MCBank
- **Servicing:** MCBank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*