# PPP loan: INFOTECH INNOVATIONS INC.
> **$240K** approved 04/27/2020 · Paid in Full · Loan `5051997208`
## Borrower
- **Name:** INFOTECH INNOVATIONS INC.
- **Address:** 5512 17th Avenue, BROOKLYN, NY, 11204
- **NAICS:** 561311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $250K
- **Forgiven:** $234K (97%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 17
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*