# PPP loan: TRANSVERSE LLC
> **$1.54M** approved 04/16/2020 · Paid in Full · Loan `2417687200`
## Borrower
- **Name:** TRANSVERSE LLC
- **Address:** 600 Congress Ave Ste 2800, Austin, TX, 78701
- **NAICS:** 541519
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.55M (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Rent:** $140K
- **Jobs reported:** 413
## 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*