# PPP loan: OVATION NETWORKS, INC
> **$437K** approved 04/04/2020 · Paid in Full · Loan `4726577009`
## Borrower
- **Name:** OVATION NETWORKS, INC
- **Address:** 222 3rd ave SE #276, CEDAR RAPIDS, IA, 52401-1500
- **NAICS:** 517911
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $437K
- **Initial approval:** $437K
- **Forgiven:** $440K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $437K
- **Jobs reported:** 40
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*