# PPP loan: MOVOCASH INC.
> **$312K** approved 04/06/2021 · Paid in Full · Loan `7563418709`
## Borrower
- **Name:** MOVOCASH INC.
- **Address:** 530 Lytton Ave Fl 2, Palo Alto, CA, 94301-1541
- **NAICS:** 522320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $312K
- **Jobs reported:** 24
## Lender
- **Originating:** Coastal Community Bank
- **Servicing:** Coastal Community Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*