# PPP loan: RAFAEL PHARMACEUTICALS INC
> **$815K** approved 03/31/2021 · Paid in Full · Loan `3852738709`
## Borrower
- **Name:** RAFAEL PHARMACEUTICALS INC
- **Address:** 520 Broad St, Newark, NJ, 07102-3121
- **NAICS:** 541714
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $815K
- **Initial approval:** $815K
- **Forgiven:** $831K (102%)
- **Forgiveness date:** 04/19/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $815K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** HSBC Bank USA, National Association
- **Servicing:** HSBC Bank USA, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*