# PPP loan: HI-RISE BREAD COMPANY, INC.
> **$325K** approved 04/27/2020 · Paid in Full · Loan `4094477200`
## Borrower
- **Name:** HI-RISE BREAD COMPANY, INC.
- **Address:** 208 Concord Ave Cambridge Ma 02138-1335, Cambridge, MA, 02138
- **NAICS:** 722515
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $329K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $285K
- **Rent:** $27K
- **Mortgage interest:** $750
- **Utilities:** $12K
- **Jobs reported:** 49
## 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*