# PPP loan: PACKAGING SPECIALTIES IN
> **$574K** approved 01/23/2021 · Paid in Full · Loan `5035648302`
## Borrower
- **Name:** PACKAGING SPECIALTIES IN
- **Address:** 3 Opportunity Way, Newburyport, MA, 01950-4044
- **NAICS:** 322220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $574K
- **Initial approval:** $574K
- **Forgiven:** $578K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $574K
- **Utilities:** $1
- **Jobs reported:** 40
## 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*