# PPP loan: CANDELA CORP.
> **$551K** approved 04/07/2020 · Paid in Full · Loan `7512587010`
## Borrower
- **Name:** CANDELA CORP.
- **Address:** 14420 Myford Rd., Suite 100, IRVINE, CA, 92606-1001
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $559K (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Rent:** $99K
- **Utilities:** $8K
- **Health care:** $24K
- **Jobs reported:** 47
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*