# PPP loan: DELTA POINT, INC.
> **$276K** approved 04/27/2020 · Paid in Full · Loan `4852697207`
## Borrower
- **Name:** DELTA POINT, INC.
- **Address:** 12196 E SAND HILLS RD, SCOTTSDALE, AZ, 85255-3103
- **NAICS:** 611430
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $276K
- **Initial approval:** $276K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Rent:** $23K
- **Mortgage interest:** $23K
- **Utilities:** $23K
- **Jobs reported:** 12
## Lender
- **Originating:** Cornerstone Bank
- **Servicing:** Cornerstone Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*