# PPP loan: DISTRIBUTED COMPUTING INC
> **$1.10M** approved 04/05/2020 · Paid in Full · Loan `5309677008`
## Borrower
- **Name:** DISTRIBUTED COMPUTING INC
- **Address:** 1700 UNION AVE STE B, BALTIMORE, MD, 21211-1499
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $825K
- **Rent:** $275K
- **Jobs reported:** 82
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*