# PPP loan: MAVENSPIRE, INC.
> **$400K** approved 04/08/2020 · Paid in Full · Loan `8553267009`
## Borrower
- **Name:** MAVENSPIRE, INC.
- **Address:** 53 Old Solomons Island Road., ANNAPOLIS, MD, 21401-3872
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Jobs reported:** 21
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*