# PPP loan: OPTIMIZATION TECHNOLOGIES INC.
> **$487K** approved 02/04/2021 · Paid in Full · Loan `2801888409`
## Borrower
- **Name:** OPTIMIZATION TECHNOLOGIES INC.
- **Address:** 2241 17th St, Boulder, CO, 80302-4362
- **NAICS:** 511210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $487K
- **Initial approval:** $487K
- **Forgiven:** $493K (101%)
- **Forgiveness date:** 06/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $486K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*