# PPP loan: CONVEX TECHNOLOGIES, INC
> **$700K** approved 04/13/2020 · Paid in Full · Loan `4520567109`
## Borrower
- **Name:** CONVEX TECHNOLOGIES, INC
- **Address:** 35 Thompson Hill Dr, CUMBERLAND, RI, 02864-2909
- **NAICS:** 518210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $706K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $560K
- **Rent:** $90K
- **Utilities:** $50K
- **Jobs reported:** 53
## Lender
- **Originating:** Navigant CU
- **Servicing:** Navigant CU (RI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*