# PPP loan: MADCAP SOFTWARE, INC.
> **$1.50M** approved 04/27/2020 · Paid in Full · Loan `3617657201`
## Borrower
- **Name:** MADCAP SOFTWARE, INC.
- **Address:** 9191 Rown Centre Drive Suite 150, San Diego, CA, 92122-1261
- **NAICS:** 423430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 85
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*