# PPP loan: CUP INC.
> **$899K** approved 04/12/2020 · Exemption 4 · Loan `3833347109`
## Borrower
- **Name:** CUP INC.
- **Address:** 165 CHANNING AVE., PALO ALTO, CA, 94301-2409
- **NAICS:** 812199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $899K
- **Initial approval:** $899K
- **Forgiven:** $659K (73%)
- **Forgiveness date:** 10/24/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $899K
- **Jobs reported:** 60
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*