# PPP loan: COBALT DIGITAL INC
> **$597K** approved 04/05/2020 · Paid in Full · Loan `5400547005`
## Borrower
- **Name:** COBALT DIGITAL INC
- **Address:** 2506 Galen Dr, CHAMPAIGN, IL, 61821-7006
- **NAICS:** 334310
- **Business type:** Sole Proprietorship
- **Business age:** Unanswered
## Loan
- **Approval amount:** $597K
- **Initial approval:** $597K
- **Forgiven:** $600K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Rent:** $149K
- **Jobs reported:** 41
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*