# PPP loan: PLACEIQ INC.
> **$1.90M** approved 04/13/2020 · Paid in Full · Loan `5498797105`
## Borrower
- **Name:** PLACEIQ INC.
- **Address:** 5 Bryant Park Floor 18, New York, NY, 10018
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.90M
- **Initial approval:** $1.90M
- **Forgiven:** $1.92M (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Mortgage interest:** $399K
- **Jobs reported:** 67
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*