# PPP loan: IOTIUM INC.
> **$750K** approved 01/28/2021 · Paid in Full · Loan `7928188302`
## Borrower
- **Name:** IOTIUM INC.
- **Address:** 3900 Freedom Cir Ste 101, Santa Clara, CA, 95054-1222
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $750K
- **Initial approval:** $750K
- **Forgiven:** $112K (15%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $750K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*