# PPP loan: CREDENCE MEDSYSTEMS, INC.
> **$415K** approved 04/14/2020 · Paid in Full · Loan `6429587102`
## Borrower
- **Name:** CREDENCE MEDSYSTEMS, INC.
- **Address:** 1430 O'Brien Drive, Suite D, Menlo Park, CA, 94025
- **NAICS:** 541715
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $415K
- **Initial approval:** $415K
- **Forgiven:** $418K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $415K
- **Jobs reported:** 19
## 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*