# PPP loan: THE NEW ENGLAND APPLIANCE & ELECTRONICS GROUP, INC.
> **$731K** approved 04/03/2020 · Paid in Full · Loan `4533067002`
## Borrower
- **Name:** THE NEW ENGLAND APPLIANCE & ELECTRONICS GROUP, INC.
- **Address:** 126 GROVE ST, FRANKLIN, MA, 02038-3159
- **NAICS:** 423620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $731K
- **Initial approval:** $731K
- **Forgiven:** $737K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $621K
- **Health care:** $110K
- **Jobs reported:** 51
## Lender
- **Originating:** Main Street Bank
- **Servicing:** Main Street Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*