# PPP loan: SILBO, INC.
> **$172K** approved 04/16/2020 · Paid in Full · Loan `2568027209`
## Borrower
- **Name:** SILBO, INC.
- **Address:** 6120 Saint Giles St. Suite 101, Raleigh, NC, 27612
- **NAICS:** 423430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Mortgage interest:** $2K
- **Jobs reported:** 15
## 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*