# PPP loan: GIGAIO NETWORKS, INC.
> **$505K** approved 04/16/2020 · Paid in Full · Loan `2402377209`
## Borrower
- **Name:** GIGAIO NETWORKS, INC.
- **Address:** 5924 Balfour Ct. Suite 101, Carlsbad, CA, 92008
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $470K
- **Mortgage interest:** $22K
- **Utilities:** $13K
- **Jobs reported:** 27
## 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*