# PPP loan: THE COLLABORATIVE, INC.
> **$549K** approved 04/04/2020 · Exemption 4 · Loan `4980897006`
## Borrower
- **Name:** THE COLLABORATIVE, INC.
- **Address:** 122 South Street, BOSTON, MA, 02111-2801
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $549K
- **Initial approval:** $549K
- **Forgiven:** $330K (60%)
- **Forgiveness date:** 03/08/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $549K
- **Jobs reported:** 37
## Lender
- **Originating:** SVB, A Division of First-Citizens Bank and Trust Company
- **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*