# PPP loan: TOTVS INC
> **$320K** approved 04/27/2020 · Paid in Full · Loan `5502247206`
## Borrower
- **Name:** TOTVS INC
- **Address:** 555 FAYETTEVILLE ST STE 620, RALEIGH, NC, 27601-3066
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $320K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Jobs reported:** 13
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*