# PPP loan: HYPOTEC INC
> **$196K** approved 04/08/2020 · Paid in Full · Loan `7765367001`
## Borrower
- **Name:** HYPOTEC INC
- **Address:** 11900 Biscayne Blvd, Ste 618, MIAMI, FL, 33181-2708
- **NAICS:** 525990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $147K
- **Utilities:** $49K
- **Jobs reported:** 21
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*