# PPP loan: NELS HOLDINGS INC
> **$2.34M** approved 04/05/2020 · Paid in Full · Loan `5282927010`
## Borrower
- **Name:** NELS HOLDINGS INC
- **Address:** 2400 East Linden, LINDEN, NJ, 07036-1100
- **NAICS:** 812331
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.34M
- **Initial approval:** $2.34M
- **Forgiven:** $2.38M (102%)
- **Forgiveness date:** 05/09/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.75M
- **Utilities:** $585K
- **Jobs reported:** 249
## Lender
- **Originating:** Cambridge Savings Bank
- **Servicing:** Cambridge Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*