# PPP loan: THE COLLABORATIVE INC.
> **$660K** approved 04/13/2020 · Paid in Full · Loan `4682537103`
## Borrower
- **Name:** THE COLLABORATIVE INC.
- **Address:** 1 SEAGATE PARK PL 118, TOLEDO, OH, 43604-1563
- **NAICS:** 541320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $660K
- **Initial approval:** $660K
- **Forgiven:** $667K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $623K
- **Rent:** $32K
- **Health care:** $5K
- **Jobs reported:** 42
## Lender
- **Originating:** Signature Bank, National Association
- **Servicing:** Signature Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*