# PPP loan: LEAP, INC.
> **$522K** approved 04/29/2020 · Paid in Full · Loan `2238247300`
## Borrower
- **Name:** LEAP, INC.
- **Address:** 210 MARRETT RD, LEXINGTON, MA, 02421-7015
- **NAICS:** 624410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $522K
- **Initial approval:** $522K
- **Forgiven:** $468K (90%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $444K
- **Rent:** $65K
- **Utilities:** $13K
- **Jobs reported:** 70
## Lender
- **Originating:** Middlesex Savings Bank
- **Servicing:** Middlesex Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*