# PPP loan: MEDCIPHERS, LLC
> **$1.70M** approved 04/15/2020 · Paid in Full · Loan `2014537207`
## Borrower
- **Name:** MEDCIPHERS, LLC
- **Address:** 807 Dorsey Street, GAINESVILLE, GA, 30501-6619
- **NAICS:** 621610
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.72M (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.28M
- **Mortgage interest:** $213K
- **Utilities:** $213K
- **Jobs reported:** 434
## Lender
- **Originating:** First Century Bank National Association
- **Servicing:** First Century Bank National Association (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*