# PPP loan: CHEMIC LABORATORIES INC
> **$720K** approved 02/24/2021 · Paid in Full · Loan `3887948506`
## Borrower
- **Name:** CHEMIC LABORATORIES INC
- **Address:** 480 Neponset St Bldg 7, Canton, MA, 02021-1900
- **NAICS:** 541380
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $720K
- **Initial approval:** $739K
- **Forgiven:** $723K (100%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $720K
- **Utilities:** $1
- **Jobs reported:** 42
## 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*