# PPP loan: B&B ENGINEERING CORPORATION
> **$318K** approved 04/06/2020 · Paid in Full · Loan `5643397002`
## Borrower
- **Name:** B&B ENGINEERING CORPORATION
- **Address:** 7 Park Street, GEORGETOWN, MA, 01833-2022
- **NAICS:** 334290
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $373K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Rent:** $26K
- **Utilities:** $26K
- **Health care:** $26K
- **Jobs reported:** 23
## Lender
- **Originating:** Institution for Savings In Newburyport and its Vicinity
- **Servicing:** Institution for Savings In Newburyport and its Vicinity (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*