# PPP loan: SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC.
> **$1.73M** approved 04/27/2020 · Paid in Full · Loan `4100037205`
## Borrower
- **Name:** SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC.
- **Address:** 61 Medford St, Somerville, MA, 02143
- **NAICS:** 624120
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.73M
- **Initial approval:** $1.73M
- **Forgiven:** $1.74M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.61M
- **Rent:** $104K
- **Utilities:** $8K
- **Jobs reported:** 147
## 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*