# PPP loan: INFOBIONIC, INC
> **$900K** approved 04/29/2020 · Paid in Full · Loan `4201567308`
## Borrower
- **Name:** INFOBIONIC, INC
- **Address:** 200 Fifth Avenue Suite 4030, Waltham, MA, 02451
- **NAICS:** 334510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $900K
- **Initial approval:** $900K
- **Forgiven:** $912K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $835K
- **Mortgage interest:** $60K
- **Utilities:** $5K
- **Jobs reported:** 306
## 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*