# PPP loan: FROMMELT EQUIPMENT COMPANY, INC
> **$494K** approved 04/14/2020 · Paid in Full · Loan `6195637100`
## Borrower
- **Name:** FROMMELT EQUIPMENT COMPANY, INC
- **Address:** 184 MAIN ST PO Box 10, NORTH READING, MA, 01864-3115
- **NAICS:** 444190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $539K
- **Forgiven:** $498K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $494K
- **Jobs reported:** 27
## 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*