# PPP loan: INTELLECTIX CORPORATION
> **$416K** approved 04/14/2020 · Paid in Full · Loan `7642637108`
## Borrower
- **Name:** INTELLECTIX CORPORATION
- **Address:** 9710 Traville Gateway Dr. #314, Rockville, MD, 20850
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $420K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Rent:** $6K
- **Health care:** $14K
- **Jobs reported:** 14
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*