# PPP loan: SETPOINT MEDICAL CORPORATION
> **$1.10M** approved 04/13/2020 · Paid in Full · Loan `5158437106`
## Borrower
- **Name:** SETPOINT MEDICAL CORPORATION
- **Address:** 25101 Rye Canyon Loop, Valencia, CA, 91355
- **NAICS:** 334510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Rent:** $73K
- **Jobs reported:** 27
## 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*