# PPP loan: PACKAGING SPECIALTIES
> **$574K** approved 04/07/2020 · Paid in Full · Loan `6761257001`
## Borrower
- **Name:** PACKAGING SPECIALTIES
- **Address:** 3 Opportunity Way, NEWBURYPORT, MA, 01950-4044
- **NAICS:** 561910
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $574K
- **Initial approval:** $574K
- **Forgiven:** $579K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $574K
- **Jobs reported:** 43
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*