# PPP loan: NETWORK OPTIX, INC.
> **$409K** approved 04/11/2020 · Paid in Full · Loan `3231827103`
## Borrower
- **Name:** NETWORK OPTIX, INC.
- **Address:** 111 N FIRST ST STE 200, BURBANK, CA, 91502-1817
- **NAICS:** 333314
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $409K
- **Initial approval:** $409K
- **Forgiven:** $414K (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $328K
- **Rent:** $71K
- **Utilities:** $11K
- **Jobs reported:** 19
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*