# PPP loan: FRANEY MEDICAL LABORATORIES INC
> **$325K** approved 04/15/2020 · Exemption 4 · Loan `1182647210`
## Borrower
- **Name:** FRANEY MEDICAL LABORATORIES INC
- **Address:** 52 Mercantile Way, Mashpee, MA, 02649
- **NAICS:** 621511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $222K (68%)
- **Forgiveness date:** 10/26/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $325K
- **Jobs reported:** 28
## Lender
- **Originating:** Rockland Trust Company
- **Servicing:** Rockland Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*