# PPP loan: COMMONWEALTH VOLKSWAGEN INC.
> **$294K** approved 03/17/2021 · Paid in Full · Loan `3487228601`
## Borrower
- **Name:** COMMONWEALTH VOLKSWAGEN INC.
- **Address:** 1 Commonwealth Dr, Lawrence, MA, 01841-2268
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $296K (101%)
- **Forgiveness date:** 12/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $294K
- **Jobs reported:** 20
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*