# PPP loan: DIRECTAVENUE, INC.
> **$694K** approved 04/08/2020 · Paid in Full · Loan `8627867005`
## Borrower
- **Name:** DIRECTAVENUE, INC.
- **Address:** 5963 La Place CT Ste 300, CARLSBAD, CA, 92008-8821
- **NAICS:** 541810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $700K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $624K
- **Rent:** $23K
- **Utilities:** $7K
- **Health care:** $39K
- **Jobs reported:** 32
## 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*