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Loan Payable
12 Months Ended
Dec. 31, 2019
Loan Payable  
Loan Payable

13. Loan Payable

In August 2015, the Company entered into a Loan and Security Agreement with Silicon Valley Bank (“SVB”), which provided the Company an equipment line of credit of up to $2.0 million to finance the purchase of eligible equipment, which the Company borrowed the full $2.0 million against the line of credit. The loan balance at December 31, 2018 was $0.4 million. The Company made the final payments on the loan in June 2019.

For the years ended December 31, 2019 and 2018, the Company recorded total interest expense for this loan of $27,000 and $0.1 million, respectively.