# PPP loan: J. SALLESE & SONS INC.
> **$203K** approved 03/02/2021 · Paid in Full · Loan `5964248501`
## Borrower
- **Name:** J. SALLESE & SONS INC.
- **Address:** 5 Crescent Ave Unit 12, Beverly, MA, 01915-4113
- **NAICS:** 337215
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 04/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $203K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*