# PPP loan: OPENET TELECOM INC
> **$1.56M** approved 04/27/2020 · Paid in Full · Loan `5620947205`
## Borrower
- **Name:** OPENET TELECOM INC
- **Address:** 1886 Metro Center Drive, Reston, VA, 20190
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.57M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Mortgage interest:** $62K
- **Utilities:** $20K
- **Jobs reported:** 80
## 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*