# PPP loan: INFOTECH SPECTRUM INC
> **$533K** approved 03/31/2021 · Paid in Full · Loan `3258318709`
## Borrower
- **Name:** INFOTECH SPECTRUM INC
- **Address:** 2060 Walsh Ave Ste 120, Santa Clara, CA, 95050-2568
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $533K
- **Initial approval:** $533K
- **Forgiven:** $541K (102%)
- **Forgiveness date:** 10/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $533K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Wallis Bank
- **Servicing:** Wallis Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*