# PPP loan: BANCROFT HEALTH GROUP INC
> **$606K** approved 04/14/2020 · Paid in Full · Loan `6524937109`
## Borrower
- **Name:** BANCROFT HEALTH GROUP INC
- **Address:** 1475 Bancroft Avenue, San Leandro, CA, 94577
- **NAICS:** 623110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $606K
- **Initial approval:** $606K
- **Forgiven:** $466K (77%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $606K
- **Jobs reported:** 52
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*