# PPP loan: FRAEN CORPORATION
> **$1.10M** approved 04/06/2020 · Paid in Full · Loan `6025507006`
## Borrower
- **Name:** FRAEN CORPORATION
- **Address:** 80 NEW CROSSING RD, READING, MA, 01867-3291
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.13M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $879K
- **Rent:** $85K
- **Mortgage interest:** $22K
- **Utilities:** $79K
- **Debt interest:** $36K
- **Jobs reported:** 70
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*