# PPP loan: MAXCYTE INC
> **$1.44M** approved 04/13/2020 · Paid in Full · Loan `5696837105`
## Borrower
- **Name:** MAXCYTE INC
- **Address:** 22 FIRSTFIELD ROAD STE 110, GAITHERSBURG, MD, 20878
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Startup, Loan Funds will Open Business
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Mortgage interest:** $162K
- **Utilities:** $10K
- **Debt interest:** $70K
- **Jobs reported:** 60
## 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*