# PPP loan: VERVE GROUP, INC.
> **$1.41M** approved 04/13/2020 · Paid in Full · Loan `5440407101`
## Borrower
- **Name:** VERVE GROUP, INC.
- **Address:** 5796 Armada Drive Suite 350, Carlsbad, CA, 92008
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.41M
- **Initial approval:** $1.41M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Rent:** $108K
- **Utilities:** $2K
- **Jobs reported:** 46
## 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*