# PPP loan: RARECYTE, INC
> **$1.12M** approved 04/13/2020 · Paid in Full · Loan `5057397108`
## Borrower
- **Name:** RARECYTE, INC
- **Address:** 2601 4th Ave Suite 500, seattle, WA, 98121
- **NAICS:** 541714
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $977K
- **Mortgage interest:** $140K
- **Jobs reported:** 500
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*