# PPP loan: PROGRESSIVE MANUFACTURING INC.,
> **$260K** approved 02/08/2021 · Paid in Full · Loan `5241158407`
## Borrower
- **Name:** PROGRESSIVE MANUFACTURING INC.,
- **Address:** 452 Sunapee St, Newport, NH, 03773-1488
- **NAICS:** 332322
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $261K (100%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Mascoma Bank
- **Servicing:** Mascoma Bank (NH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*