# PPP loan: FLIPTIX INC
> **$175K** approved 04/15/2020 · Charged Off · Loan `8985857100`
## Borrower
- **Name:** FLIPTIX INC
- **Address:** 2 HIGHPOINT, NEWPORT COAST, CA, 92657-1630
- **NAICS:** 561990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $175K
- **Initial approval:** $205K
- **Forgiven:** $105K (60%)
- **Forgiveness date:** 05/21/2021
- **Status:** Charged Off
- **Term:** 27 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 6
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*