# PPP loan: SOFIVE INC.
> **$567K** approved 04/27/2020 · Paid in Full · Loan `6174537204`
## Borrower
- **Name:** SOFIVE INC.
- **Address:** 2015 Pitkin Avenue, BROOKLYN, NY, 11207-3424
- **NAICS:** 713940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $567K
- **Initial approval:** $567K
- **Forgiven:** $572K (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Utilities:** $142K
- **Jobs reported:** 99
## Lender
- **Originating:** Interaudi Bank
- **Servicing:** Interaudi Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*