# PPP loan: PARSEC TECHNOLOGIES, INC.
> **$229K** approved 04/13/2020 · Paid in Full · Loan `4809377101`
## Borrower
- **Name:** PARSEC TECHNOLOGIES, INC.
- **Address:** 820 Jupiter Road, Suite 100, Plano, TX, 75074
- **NAICS:** 334220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $107K
- **Rent:** $2K
- **Mortgage interest:** $18K
- **Health care:** $102K
- **Jobs reported:** 20
## 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*