# PPP loan: NECEC INSTITUTE INC
> **$155K** approved 05/29/2020 · Paid in Full · Loan `4947727805`
## Borrower
- **Name:** NECEC INSTITUTE INC
- **Address:** 250 SUMMER ST., 5TH FLR, BOSTON, MA, 02210
- **NAICS:** 813219
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $155K
- **Jobs reported:** 9
## 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*