# PPP loan: LIPTIS PHARMACEUTICALS USA, INC.
> **$225K** approved 04/15/2020 · Paid in Full · Loan `8260177100`
## Borrower
- **Name:** LIPTIS PHARMACEUTICALS USA, INC.
- **Address:** 110 Red Schoolhouse Road, Spring Valley, NY, 10977
- **NAICS:** 325411
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $213K
- **Utilities:** $12K
- **Jobs reported:** 20
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*