# PPP loan: KALOUTAS & CO., INC.
> **$1.61M** approved 04/10/2020 · Paid in Full · Loan `1810127100`
## Borrower
- **Name:** KALOUTAS & CO., INC.
- **Address:** 11 RAILROAD AVE, PEABODY, MA, 01960-4311
- **NAICS:** 238320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.62M (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.37M
- **Rent:** $95K
- **Utilities:** $35K
- **Health care:** $105K
- **Jobs reported:** 85
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*