# PPP loan: BITSO, INC.
> **$228K** approved 04/13/2020 · Paid in Full · Loan `4337457102`
## Borrower
- **Name:** BITSO, INC.
- **Address:** 12847 ARROYO ST, SYLMAR, CA, 91342-5303
- **NAICS:** 524126
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Rent:** $19K
- **Utilities:** $11K
- **Debt interest:** $120
- **Jobs reported:** 22
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*