# PPP loan: SHAWMUT ADVERTISING INC
> **$1.02M** approved 02/05/2021 · Paid in Full · Loan `3704998410`
## Borrower
- **Name:** SHAWMUT ADVERTISING INC
- **Address:** 33 Cherry Hill Dr, Danvers, MA, 01923-2594
- **NAICS:** 323111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.02M (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.02M
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** Needham Bank
- **Servicing:** Needham Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*