# PPP loan: PROXIMATE TECHNOLOGIES INC.
> **$200K** approved 04/28/2020 · Paid in Full · Loan `6504197202`
## Borrower
- **Name:** PROXIMATE TECHNOLOGIES INC.
- **Address:** 4512 Legacy Dr Ste# 100, Plano, TX, 75024-2186
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $30K
- **Utilities:** $20K
- **Jobs reported:** 24
## Lender
- **Originating:** Wallis Bank
- **Servicing:** Wallis Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*