# PPP loan: DIRECT COMMERCE, INC.
> **$694K** approved 04/07/2020 · Paid in Full · Loan `7524747007`
## Borrower
- **Name:** DIRECT COMMERCE, INC.
- **Address:** 735 MONTGOMERY ST. STE 200, SAN FRANCISCO, CA, 94111-2108
- **NAICS:** 454110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $701K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $632K
- **Rent:** $52K
- **Debt interest:** $10K
- **Jobs reported:** 30
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*