# PPP loan: ZAVOO INC
> **$490K** approved 01/28/2021 · Charged Off · Loan `7888378305`
## Borrower
- **Name:** ZAVOO INC
- **Address:** 350 3rd St, Cambridge, MA, 02142-1136
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $345K (70%)
- **Forgiveness date:** 02/25/2022
- **Status:** Charged Off
- **Term:** 18 months
## Use of funds
- **Payroll:** $490K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*