# PPP loan: MICROWIZE TECHNOLOGY, INC.
> **$259K** approved 05/05/2020 · Paid in Full · Loan `1973027404`
## Borrower
- **Name:** MICROWIZE TECHNOLOGY, INC.
- **Address:** 1 Kalisa Way, Paramus, NJ, 07652
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $259K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $244K
- **Rent:** $3K
- **Health care:** $10K
- **Debt interest:** $2K
- **Jobs reported:** 21
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*