# PPP loan: UNITED SALVAGE CORP. OF AMERICA
> **$271K** approved 04/06/2020 · Paid in Full · Loan `5947687005`
## Borrower
- **Name:** UNITED SALVAGE CORP. OF AMERICA
- **Address:** 120 WAVERLEY ST, FRAMINGHAM, MA, 01702-7132
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Rent:** $45K
- **Utilities:** $9K
- **Health care:** $41K
- **Jobs reported:** 16
## Lender
- **Originating:** MutualOne Bank
- **Servicing:** MutualOne Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*