# PPP loan: RESCAN INC
> **$250K** approved 03/18/2021 · Exemption 4 · Loan `4115768603`
## Borrower
- **Name:** RESCAN INC
- **Address:** 547 Jefferson Avenue Suite 100, Redwood City, CA, 94063
- **NAICS:** 511210
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $211K (84%)
- **Forgiveness date:** 12/28/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*