# PPP loan: PELOTON TECHNOLOGY INC
> **$1.97M** approved 06/29/2020 · Paid in Full · Loan `6115708007`
## Borrower
- **Name:** PELOTON TECHNOLOGY INC
- **Address:** 1060 La Avenida Street, Mountain View, CA, 94043
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.97M
- **Initial approval:** $1.97M
- **Forgiven:** $2.01M (102%)
- **Forgiveness date:** 05/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.97M
- **Jobs reported:** 40
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*