# PPP loan: SORRENTO THERAPEUTICS, INC.
> **$4.59M** approved 04/30/2020 · Paid in Full · Loan `5410527308`
## Borrower
- **Name:** SORRENTO THERAPEUTICS, INC.
- **Address:** 4955 Directors Place, SAN DIEGO, CA, 92121
- **NAICS:** 541714
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $4.59M
- **Initial approval:** $4.59M
- **Forgiven:** $4.65M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.59M
- **Jobs reported:** 219
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*