# PPP loan: ALVAMED, INC
> **$211K** approved 04/27/2020 · Paid in Full · Loan `4738307202`
## Borrower
- **Name:** ALVAMED, INC
- **Address:** 935 Great Plain Ave #166, Needham, MA, 02492
- **NAICS:** 541690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $211K
- **Initial approval:** $211K
- **Forgiven:** $212K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Rent:** $4K
- **Utilities:** $300
- **Jobs reported:** 14
## 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*