# PPP loan: CIPHERTECHS, INC.
> **$903K** approved 04/13/2020 · Paid in Full · Loan `4603797103`
## Borrower
- **Name:** CIPHERTECHS, INC.
- **Address:** 90 BROAD ST 5TH FLOOR, NEW YORK, NY, 10004-0001
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $903K
- **Initial approval:** $903K
- **Forgiven:** $908K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $723K
- **Rent:** $180K
- **Jobs reported:** 62
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*