# PPP loan: AMBISCO
> **$504K** approved 04/13/2020 · Paid in Full · Loan `5677987109`
## Borrower
- **Name:** AMBISCO
- **Address:** 55 CHESTER STREET, SOMERVILLE, MA, 02144-2822
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $504K
- **Initial approval:** $504K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $378K
- **Rent:** $26K
- **Mortgage interest:** $19K
- **Utilities:** $68K
- **Health care:** $13K
- **Jobs reported:** 48
## Lender
- **Originating:** Digital FCU
- **Servicing:** Digital FCU (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*