# PPP loan: NEW ENGLAND GOLF CARS INC
> **$386K** approved 04/04/2020 · Paid in Full · Loan `4660927003`
## Borrower
- **Name:** NEW ENGLAND GOLF CARS INC
- **Address:** 62 INDUSTRIAL WAY, SEEKONK, MA, 02771-2012
- **NAICS:** 423910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $386K
- **Initial approval:** $386K
- **Forgiven:** $391K (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $277K
- **Rent:** $40K
- **Utilities:** $9K
- **Health care:** $32K
- **Debt interest:** $29K
- **Jobs reported:** 33
## Lender
- **Originating:** Mechanics Cooperative Bank
- **Servicing:** Mechanics Cooperative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*