# PPP loan: OCTILLION POWER SYSTEMS, INC.
> **$253K** approved 04/29/2020 · Paid in Full · Loan `3897997300`
## Borrower
- **Name:** OCTILLION POWER SYSTEMS, INC.
- **Address:** 721 Sandoval Way, Hayward, CA, 94544
- **NAICS:** 335911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $233K
- **Mortgage interest:** $16K
- **Utilities:** $4K
- **Jobs reported:** 310
## 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*