# PPP loan: BITMO INC
> **$224K** approved 04/27/2020 · Paid in Full · Loan `3990917205`
## Borrower
- **Name:** BITMO INC
- **Address:** 701 palomar airport rd suite 160, Carlsbad, CA, 92011
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $168K
- **Rent:** $34K
- **Utilities:** $11K
- **Health care:** $11K
- **Jobs reported:** 10
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*