# PPP loan: OLOGIC INC
> **$318K** approved 04/12/2020 · Paid in Full · Loan `4043237100`
## Borrower
- **Name:** OLOGIC INC
- **Address:** 3350 Scott Blvd. Bldg. 47, Santa Clara, CA, 95054
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Rent:** $20K
- **Jobs reported:** 17
## 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*