# PPP loan: SWARM INC.
> **$1.40M** approved 04/12/2020 · Paid in Full · Loan `4086107107`
## Borrower
- **Name:** SWARM INC.
- **Address:** 2308 NW 5th Avenue, MIAMI, FL, 33127-4310
- **NAICS:** 561920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $687K (49%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Jobs reported:** 95
## Lender
- **Originating:** Ocean Bank
- **Servicing:** Ocean Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*