# PPP loan: LYCERA CORP.
> **$639K** approved 04/14/2020 · Paid in Full · Loan `6584347100`
## Borrower
- **Name:** LYCERA CORP.
- **Address:** 1350 Highland Dr Suite A, Ann Arbor, MI, 48108
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $639K
- **Initial approval:** $639K
- **Forgiven:** $531K (83%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $600K
- **Rent:** $39K
- **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*