# PPP loan: NEW ENGLAND TOOL & AUTOMATION INC
> **$152K** approved 05/01/2020 · Paid in Full · Loan `6136067705`
## Borrower
- **Name:** NEW ENGLAND TOOL & AUTOMATION INC
- **Address:** 321 ELLIS ST STE 17, NEW BRITAIN, CT, 06051-3504
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Jobs reported:** 11
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*