# PPP loan: SPA NIJOLI AND SALON
> **$552K** approved 01/20/2021 · Paid in Full · Loan `1870028310`
## Borrower
- **Name:** SPA NIJOLI AND SALON
- **Address:** 116 Pleasant Valley St Ste 2, Methuen, MA, 01844-7211
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $552K
- **Initial approval:** $552K
- **Forgiven:** $554K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $552K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Newburyport Five Cents Savings Bank
- **Servicing:** Newburyport Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*