# PPP loan: CONVERGENCE, LLC
> **$238K** approved 04/06/2020 · Paid in Full · Loan `5761517002`
## Borrower
- **Name:** CONVERGENCE, LLC
- **Address:** 6 Journey Suite 170,, ALISO VIEJO, CA, 92656-5317
- **NAICS:** 518210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $208K
- **Rent:** $8K
- **Utilities:** $2K
- **Debt interest:** $20K
- **Jobs reported:** 16
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*