# PPP loan: DROPOFF, INC.
> **$1.26M** approved 04/29/2020 · Paid in Full · Loan `3910037300`
## Borrower
- **Name:** DROPOFF, INC.
- **Address:** 1601 S Mopac Expressway, #C301, Austin, TX, 78746
- **NAICS:** 492210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Rent:** $63K
- **Utilities:** $22K
- **Jobs reported:** 88
## 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*