# PPP loan: FOUNDERS PLEDGE, INC.
> **$198K** approved 04/15/2020 · Paid in Full · Loan `9501417107`
## Borrower
- **Name:** FOUNDERS PLEDGE, INC.
- **Address:** The Assemblage, 17 John Street, New York City, NY, 10038
- **NAICS:** 813219
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Utilities:** $38K
- **Jobs reported:** 13
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*