# PPP loan: AXCENT NETWORKS, INC.
> **$1.21M** approved 04/08/2020 · Paid in Full · Loan `8807097007`
## Borrower
- **Name:** AXCENT NETWORKS, INC.
- **Address:** 600 DEVELOPMENT DR # 120, PLANO, TX, 75074-8326
- **NAICS:** 517919
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.21M
- **Jobs reported:** 116
## Lender
- **Originating:** Inwood National Bank
- **Servicing:** Inwood National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*