# PPP loan: XAD, INC.
> **$5.70M** approved 04/15/2020 · Paid in Full · Loan `9838897106`
## Borrower
- **Name:** XAD, INC.
- **Address:** One World Trade Center 60th Floor, New York, NY, 10007
- **NAICS:** 541890
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.70M
- **Initial approval:** $5.70M
- **Forgiven:** $5.79M (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.50M
- **Mortgage interest:** $1.20M
- **Jobs reported:** 325
## 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*