# PPP loan: MONAHAN TECHNOLOGIES INC.
> **$296K** approved 04/14/2020 · Paid in Full · Loan `6833467103`
## Borrower
- **Name:** MONAHAN TECHNOLOGIES INC.
- **Address:** 525 WOBURN ST, TEWKSBURY, MA, 01876-3403
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $298K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $268K
- **Rent:** $10K
- **Utilities:** $2K
- **Health care:** $14K
- **Debt interest:** $2K
- **Jobs reported:** 17
## Lender
- **Originating:** The Lowell Five Cent Savings Bank
- **Servicing:** The Lowell Five Cent Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*