# PPP loan: BANCROFT NS LLC
> **$545K** approved 05/05/2020 · Paid in Full · Loan `2053567404`
## Borrower
- **Name:** BANCROFT NS LLC
- **Address:** 210 ANDOVER ST Suite F100B, PEABODY, MA, 01960-1647
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $545K
- **Initial approval:** $545K
- **Forgiven:** $442K (81%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $414K
- **Rent:** $76K
- **Utilities:** $22K
- **Health care:** $11K
- **Debt interest:** $22K
- **Jobs reported:** 37
## 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*