# PPP loan: WALLAROO LABS, INC.
> **$170K** approved 05/01/2020 · Paid in Full · Loan `1625707705`
## Borrower
- **Name:** WALLAROO LABS, INC.
- **Address:** 432 8TH ST, BROOKLYN, NY, 11215
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Rent:** $4K
- **Health care:** $10K
- **Jobs reported:** 6
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*