# PPP loan: INVOTECH SYSTEMS, INC.
> **$288K** approved 04/11/2020 · Paid in Full · Loan `3471897101`
## Borrower
- **Name:** INVOTECH SYSTEMS, INC.
- **Address:** 20951 BURBANK BLVD STE B, WOODLAND HILLS, CA, 91367-6618
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Rent:** $36K
- **Utilities:** $10K
- **Health care:** $15K
- **Jobs reported:** 15
## 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*