# PPP loan: IOT-EQ, LLC
> **$602K** approved 04/28/2020 · Exemption 4 · Loan `6907757209`
## Borrower
- **Name:** IOT-EQ, LLC
- **Address:** 8902 FM 2920 RD, SPRING, TX, 77379-2460
- **NAICS:** 213112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $602K
- **Initial approval:** $602K
- **Forgiven:** $345K (57%)
- **Forgiveness date:** 04/22/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $602K
- **Jobs reported:** 50
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*