# PPP loan: ST JAY ASSOCIATES INC
> **$658K** approved 05/01/2020 · Exemption 4 · Loan `4992357702`
## Borrower
- **Name:** ST JAY ASSOCIATES INC
- **Address:** 234 ESSEX ST, LAWRENCE, MA, 01840
- **NAICS:** 621210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $658K
- **Initial approval:** $658K
- **Forgiven:** $278K (42%)
- **Forgiveness date:** 11/10/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $658K
- **Jobs reported:** 26
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*