# PPP loan: L & R SALES INC.
> **$256K** approved 01/25/2021 · Paid in Full · Loan `5811018305`
## Borrower
- **Name:** L & R SALES INC.
- **Address:** 1040 Southbridge St Unit 1, Worcester, MA, 01610-2235
- **NAICS:** 423710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $259K (101%)
- **Forgiveness date:** 05/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $256K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Bay State Savings Bank
- **Servicing:** Bay State Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*