# PPP loan: ZAGSTER, INC.
> **$1.91M** approved 04/14/2020 · Charged Off · Loan `6163177110`
## Borrower
- **Name:** ZAGSTER, INC.
- **Address:** 109 Kingston Street 5th Floor, Boston, MA, 02111
- **NAICS:** 532289
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.91M
- **Initial approval:** $1.91M
- **Forgiven:** $1.72M (90%)
- **Forgiveness date:** 08/13/2021
- **Status:** Charged Off
- **Term:** 7 months
## Use of funds
- **Payroll:** $1.52M
- **Mortgage interest:** $329K
- **Utilities:** $52K
- **Jobs reported:** 181
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*