# PPP loan: OXLO SYSTEMS INC.
> **$427K** approved 04/15/2020 · Paid in Full · Loan `9231747100`
## Borrower
- **Name:** OXLO SYSTEMS INC.
- **Address:** 11101 West 120th Avenue,  Suite 290, Broomfield, CO, 80021
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $409K
- **Rent:** $13K
- **Utilities:** $6K
- **Jobs reported:** 20
## 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*