# PPP loan: THE MEGAN HOUSE FOUNDATION
> **$157K** approved 04/13/2020 · Paid in Full · Loan `5335687102`
## Borrower
- **Name:** THE MEGAN HOUSE FOUNDATION
- **Address:** 100 Merrimack Street, LOWELL, MA, 01852-1706
- **NAICS:** 623220
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $121K
- **Rent:** $2K
- **Mortgage interest:** $11K
- **Utilities:** $4K
- **Health care:** $20K
- **Jobs reported:** 19
## Lender
- **Originating:** The Lowell Five Cent Savings Bank
- **Servicing:** The Lowell Five Cent Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*