# PPP loan: SCIENTIFIC CUTTING TOOLS, INCORPORATED
> **$714K** approved 04/05/2020 · Paid in Full · Loan `5303557006`
## Borrower
- **Name:** SCIENTIFIC CUTTING TOOLS, INCORPORATED
- **Address:** 220 W Los Angeles Ave, SIMI VALLEY, CA, 93065-1650
- **NAICS:** 333512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $714K
- **Initial approval:** $714K
- **Forgiven:** $717K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $714K
- **Jobs reported:** 47
## Lender
- **Originating:** SVB, A Division of First-Citizens Bank and Trust Company
- **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*