# PPP loan: NEL CORPORATION
> **$1.71M** approved 04/10/2020 · Paid in Full · Loan `2368717101`
## Borrower
- **Name:** NEL CORPORATION
- **Address:** 3 AJOOTIAN WAY, MIDDLETON, MA, 01949-2484
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.71M
- **Initial approval:** $2.71M
- **Forgiven:** $1.73M (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.71M
- **Jobs reported:** 108
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*