# PPP loan: SOLACE THERAPEUTICS INC
> **$206K** approved 04/13/2020 · Paid in Full · Loan `5167367100`
## Borrower
- **Name:** SOLACE THERAPEUTICS INC
- **Address:** 135 Newbury Street, FRAMINGHAM, MA, 01701
- **NAICS:** 339113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $206K
- **Initial approval:** $206K
- **Forgiven:** $208K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Mortgage interest:** $27K
- **Utilities:** $650
- **Jobs reported:** 10
## 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*