# PPP loan: BACTOLAC PHARMACEUTICAL INC.
> **$7.50M** approved 04/13/2020 · Paid in Full · Loan `4711867108`
## Borrower
- **Name:** BACTOLAC PHARMACEUTICAL INC.
- **Address:** 7 OSER AVE, STE 1, HAUPPAUGE, NY, 11788-3811
- **NAICS:** 325412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.50M
- **Initial approval:** $7.50M
- **Forgiven:** $7.59M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.50M
- **Jobs reported:** 500
## 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*