# PPP loan: BRAINSELL, LLC
> **$207K** approved 04/07/2020 · Paid in Full · Loan `6559037001`
## Borrower
- **Name:** BRAINSELL, LLC
- **Address:** 458 Boston Street Suite 2-1, TOPSFIELD, MA, 01983-1216
- **NAICS:** 541990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $215K
- **Forgiven:** $210K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Rent:** $26K
- **Utilities:** $26K
- **Jobs reported:** 14
## Lender
- **Originating:** Institution for Savings In Newburyport and its Vicinity
- **Servicing:** Institution for Savings In Newburyport and its Vicinity (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*