# PPP loan: DRIVESCALE, INC.
> **$534K** approved 04/14/2020 · Paid in Full · Loan `6468067102`
## Borrower
- **Name:** DRIVESCALE, INC.
- **Address:** 1230 Midas Way Suite 210, Sunnyvale, CA, 94085
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $534K
- **Initial approval:** $534K
- **Forgiven:** $539K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $354K
- **Rent:** $64K
- **Utilities:** $2K
- **Debt interest:** $114K
- **Jobs reported:** 13
## 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*