# PPP loan: FARCAST BIOSCIENCES INC.
> **$291K** approved 04/15/2020 · Paid in Full · Loan `1579887210`
## Borrower
- **Name:** FARCAST BIOSCIENCES INC.
- **Address:** 12 Gill St Suite 3150, Woburn, MA, 01801
- **NAICS:** 541714
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $291K
- **Initial approval:** $291K
- **Forgiven:** $288K (99%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Mortgage interest:** $55K
- **Utilities:** $6K
- **Jobs reported:** 14
## 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*