# PPP loan: MERCATOR MEDSYSTEMS, INC.
> **$325K** approved 04/13/2020 · Paid in Full · Loan `5028807101`
## Borrower
- **Name:** MERCATOR MEDSYSTEMS, INC.
- **Address:** 1900 Powell Street Suite 800, Emeryville, CA, 94608
- **NAICS:** 339112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Mortgage interest:** $25K
- **Jobs reported:** 14
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*