# PPP loan: KINNETIC LABORATORIES, INC.
> **$319K** approved 04/28/2020 · Paid in Full · Loan `6652957207`
## Borrower
- **Name:** KINNETIC LABORATORIES, INC.
- **Address:** 307 WASHINGTON ST, SANTA CRUZ, CA, 95060-4928
- **NAICS:** 541620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $319K
- **Initial approval:** $319K
- **Forgiven:** $321K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Rent:** $39K
- **Utilities:** $4K
- **Health care:** $32K
- **Debt interest:** $5K
- **Jobs reported:** 24
## Lender
- **Originating:** Bank of San Francisco
- **Servicing:** Bank of San Francisco (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*