# PPP loan: BRAINOFT INC.
> **$630K** approved 03/01/2021 · Paid in Full · Loan `5615408503`
## Borrower
- **Name:** BRAINOFT INC.
- **Address:** 201 Redwood Shores Pkwy Ste 250, Redwood City, CA, 94065-1191
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $630K
- **Initial approval:** $630K
- **Forgiven:** $641K (102%)
- **Forgiveness date:** 12/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $630K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*