# PPP loan: HYALEX ORTHOPAEDICS, INC
> **$324K** approved 04/14/2020 · Paid in Full · Loan `6642747101`
## Borrower
- **Name:** HYALEX ORTHOPAEDICS, INC
- **Address:** 99 Hayden Ave,Building D,Suite #340, Lexington, MA, 02421
- **NAICS:** 339113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $326K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $296K
- **Mortgage interest:** $22K
- **Utilities:** $6K
- **Jobs reported:** 14
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*