# PPP loan: HYDROCISION INC
> **$280K** approved 04/15/2020 · Paid in Full · Loan `1978087203`
## Borrower
- **Name:** HYDROCISION INC
- **Address:** 267 BOSTON ROAD SUITE 28, NORTH BILLERICA, MA, 01862
- **NAICS:** 339112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $271K
- **Mortgage interest:** $7K
- **Utilities:** $2K
- **Jobs reported:** 17
## 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*