# PPP loan: TORROMEO INDUSTRIES INC
> **$1.06M** approved 07/31/2020 · Paid in Full · Loan `2037778208`
## Borrower
- **Name:** TORROMEO INDUSTRIES INC
- **Address:** 33 OLD FERRY RD, METHUEN, MA, 01844-4101
- **NAICS:** 327310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.06M
- **Jobs reported:** 50
## Lender
- **Originating:** Avidia Bank
- **Servicing:** Avidia Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*