# PPP loan: HANSEN ENGINEERING AND MACHINERY COMPANY INC.
> **$513K** approved 02/09/2021 · Paid in Full · Loan `5776568408`
## Borrower
- **Name:** HANSEN ENGINEERING AND MACHINERY COMPANY INC.
- **Address:** 2 Industrial Dr, Danvers, MA, 01923-1039
- **NAICS:** 336412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $513K
- **Initial approval:** $513K
- **Forgiven:** $517K (101%)
- **Forgiveness date:** 12/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $512K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*