Panacea Pharmaceuticals, Inc.

$567,312 PPP Loan in Gaithersburg, Maryland

Loan Details

Loan Number
6643117309
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$567,312
Current Approval
$567,312
Forgiveness Amount
$574,514
Forgiveness Date
Aug 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Panacea Pharmaceuticals, Inc.
Address
620 Professional Drive, Gaithersburg, Md, 20879, Us,
ZIP Code
20879
Business Type
Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541714)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MD-06

Loan Use Breakdown

Payroll
$347,446
Utilities
$28,000
Mortgage Interest
$191,866

Lender Information

Servicing Lender
First-Citizens Bank & Trust Company
Originating Lender
Silicon Valley Bridge Bank NA

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