# PPP loan: MEMSCAP INC
> **$267K** approved 07/21/2020 · Paid in Full · Loan `6500288106`
## Borrower
- **Name:** MEMSCAP INC
- **Address:** PO BOX 14486, DURHAM, NC, 27709-4486
- **NAICS:** 334413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $267K
- **Initial approval:** $267K
- **Forgiven:** $268K (100%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $267K
- **Jobs reported:** 17
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*