# PPP loan: PAPERCLIP INC.
> **$620K** approved 04/13/2020 · Paid in Full · Loan `5513397102`
## Borrower
- **Name:** PAPERCLIP INC.
- **Address:** One University Plaza suite 518, HACKENSACK, NJ, 07601-6200
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $625K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $620K
- **Jobs reported:** 30
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*