# PPP loan: ARCHIMEDIC, INC.
> **$513K** approved 04/27/2020 · Paid in Full · Loan `5158987205`
## Borrower
- **Name:** ARCHIMEDIC, INC.
- **Address:** 204 2nd Ave, WALTHAM, MA, 02451
- **NAICS:** 339112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $513K
- **Initial approval:** $513K
- **Forgiven:** $517K (101%)
- **Forgiveness date:** 04/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $441K
- **Rent:** $71K
- **Utilities:** $2K
- **Jobs reported:** 23
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*