# PPP loan: BURNELL CONTROLS INC.
> **$613K** approved 02/10/2021 · Paid in Full · Loan `6525168406`
## Borrower
- **Name:** BURNELL CONTROLS INC.
- **Address:** 153 Andover St Ste 202, Danvers, MA, 01923-1477
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $613K
- **Initial approval:** $613K
- **Forgiven:** $621K (101%)
- **Forgiveness date:** 05/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $613K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** StonehamBank
- **Servicing:** StonehamBank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*