# PPP loan: IPHOTONIX INC.
> **$734K** approved 04/13/2020 · Paid in Full · Loan `5260027108`
## Borrower
- **Name:** IPHOTONIX INC.
- **Address:** 2600 North Central Expressway Suite 950, Richardson, TX, 75080
- **NAICS:** 519190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $734K
- **Initial approval:** $813K
- **Forgiven:** $739K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $730K
- **Utilities:** $4K
- **Jobs reported:** 38
## 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*