# PPP loan: VETSTEM BIOPHARMA, INC.
> **$261K** approved 04/16/2020 · Paid in Full · Loan `2947107209`
## Borrower
- **Name:** VETSTEM BIOPHARMA, INC.
- **Address:** 12860 DANIELSON CT, SUITE B, POWAY, CA, 92064-8849
- **NAICS:** 325414
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Utilities:** $65K
- **Jobs reported:** 24
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*