# PPP loan: DRIVESAVERS INC.
> **$1.70M** approved 02/12/2021 · Exemption 4 · Loan `7670158404`
## Borrower
- **Name:** DRIVESAVERS INC.
- **Address:** 400 Bel Marin Keys Blvd, Novato, CA, 94949-5642
- **NAICS:** 519190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.32M (78%)
- **Forgiveness date:** 02/18/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.70M
- **Utilities:** $1
- **Jobs reported:** 70
## Lender
- **Originating:** Greater Nevada CU
- **Servicing:** Fountainhead SBF LLC (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*