# PPP loan: PAPERCLIP INC
> **$610K** approved 02/09/2021 · Paid in Full · Loan `5850688408`
## Borrower
- **Name:** PAPERCLIP INC
- **Address:** 1 University Plz Ste 518, Hackensack, NJ, 07601-6203
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $610K
- **Initial approval:** $610K
- **Forgiven:** $614K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $610K
- **Jobs reported:** 31
## 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*