# PPP loan: STOCKWELL AI, INC.
> **$1.60M** approved 04/13/2020 · Charged Off · Loan `5397917105`
## Borrower
- **Name:** STOCKWELL AI, INC.
- **Address:** 405 14th Street 7th Floor, Oakland, CA, 94612
- **NAICS:** 454210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.21M (75%)
- **Forgiveness date:** 11/30/2020
- **Status:** Charged Off
- **Term:** 7 months
## Use of funds
- **Payroll:** $1.32M
- **Rent:** $233K
- **Utilities:** $43K
- **Jobs reported:** 113
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **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*