# PPP loan: OPTIVOLT LABS, INC.
> **$177K** approved 04/29/2020 · Paid in Full · Loan `4461517300`
## Borrower
- **Name:** OPTIVOLT LABS, INC.
- **Address:** 307 7th Ave, San Mateo, CA, 94401
- **NAICS:** 811211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $180K (102%)
- **Forgiveness date:** 10/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Jobs reported:** 9
## Lender
- **Originating:** WebBank
- **Servicing:** WebBank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*