# PPP loan: PROGRESSIVE INFORMATION TECHNOLOGIES, INC.
> **$447K** approved 04/12/2020 · Paid in Full · Loan `4112287109`
## Borrower
- **Name:** PROGRESSIVE INFORMATION TECHNOLOGIES, INC.
- **Address:** 5220 SPRING VALLEY RD., Suite 600, DALLAS, TX, 75254-1901
- **NAICS:** 561311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $447K
- **Initial approval:** $447K
- **Forgiven:** $450K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $335K
- **Rent:** $89K
- **Utilities:** $13K
- **Debt interest:** $9K
- **Jobs reported:** 76
## Lender
- **Originating:** Origin Bank
- **Servicing:** Origin Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*