# PPP loan: DRIVERTECH INC
> **$538K** approved 04/15/2020 · Paid in Full · Loan `9917867106`
## Borrower
- **Name:** DRIVERTECH INC
- **Address:** 1960 S. Milestone Drive, SALT LAKE CITY, UT, 84104-6539
- **NAICS:** 335911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $538K
- **Initial approval:** $538K
- **Forgiven:** $545K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $483K
- **Mortgage interest:** $35K
- **Utilities:** $20K
- **Jobs reported:** 38
## Lender
- **Originating:** Transportation Alliance Bank, Inc. d/b/a TAB Bank
- **Servicing:** Transportation Alliance Bank, Inc. d/b/a TAB Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*