# PPP loan: SACKS & COMPANY, INC
> **$1.34M** approved 04/11/2020 · Paid in Full · Loan `2986717109`
## Borrower
- **Name:** SACKS & COMPANY, INC
- **Address:** 44 LOWELL JUNCTION RD, ANDOVER, MA, 01810-5916
- **NAICS:** 541820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.34M
- **Initial approval:** $1.34M
- **Forgiven:** $1.36M (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.08M
- **Rent:** $167K
- **Utilities:** $25K
- **Health care:** $67K
- **Debt interest:** $1K
- **Jobs reported:** 83
## 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*