# PPP loan: RAYOTEK SCIENTIFIC INC
> **$354K** approved 04/14/2020 · Paid in Full · Loan `7752437108`
## Borrower
- **Name:** RAYOTEK SCIENTIFIC INC
- **Address:** 11499 SORRENTO VALLEY RD, SAN DIEGO, CA, 92121-1305
- **NAICS:** 327212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $354K
- **Initial approval:** $354K
- **Forgiven:** $358K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $354K
- **Jobs reported:** 21
## Lender
- **Originating:** First Bank of the Lake
- **Servicing:** First Bank of the Lake (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*