# PPP loan: WATCHPOINT LOGISITCS, INC.
> **$1.88M** approved 04/29/2020 · Paid in Full · Loan `3875067302`
## Borrower
- **Name:** WATCHPOINT LOGISITCS, INC.
- **Address:** 50 Tanforan Avenue, South San Francisco, CA, 94080
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.88M
- **Initial approval:** $1.87M
- **Forgiven:** $1.89M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.88M
- **Jobs reported:** 105
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*