# PPP loan: BOOMA OIL AND ENERGY, INC
> **$170K** approved 04/27/2020 · Paid in Full · Loan `6086077208`
## Borrower
- **Name:** BOOMA OIL AND ENERGY, INC
- **Address:** 766 SUMMER ST, LYNN, MA, 01905-1963
- **NAICS:** 454310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $288K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Jobs reported:** 14
## 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*