# PPP loan: SOLOGY INC.
> **$161K** approved 04/04/2020 · Paid in Full · Loan `4998107001`
## Borrower
- **Name:** SOLOGY INC.
- **Address:** 850 E ARAPAHO Road Suite 210, RICHARDSON, TX, 75081-2241
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Rent:** $6K
- **Utilities:** $500
- **Health care:** $10K
- **Jobs reported:** 9
## Lender
- **Originating:** Texas Security Bank
- **Servicing:** Texas Security Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*