# PPP loan: INFOTECH SPECTRUM INC
> **$581K** approved 04/28/2020 · Paid in Full · Loan `6749227207`
## Borrower
- **Name:** INFOTECH SPECTRUM INC
- **Address:** 2060 Walsh Ave, Santa Clara, CA, 95050-2568
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Startup, Loan Funds will Open Business
## Loan
- **Approval amount:** $581K
- **Initial approval:** $581K
- **Forgiven:** $589K (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $436K
- **Rent:** $58K
- **Utilities:** $87K
- **Jobs reported:** 25
## 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*