# PPP loan: LINEAGE CELL THERAPEUTICS
> **$523K** approved 04/09/2020 · Paid in Full · Loan `9990877007`
## Borrower
- **Name:** LINEAGE CELL THERAPEUTICS
- **Address:** 2173 Salk Avenue Suite 200, CARLSBAD, CA, 92008-7331
- **NAICS:** 541714
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $523K
- **Initial approval:** $523K
- **Forgiven:** $529K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $423K
- **Rent:** $100K
- **Jobs reported:** 20
## Lender
- **Originating:** Axos Bank
- **Servicing:** Axos Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*