# PPP loan: BALYO INC.
> **$375K** approved 04/14/2020 · Paid in Full · Loan `6850477108`
## Borrower
- **Name:** BALYO INC.
- **Address:** 78B Olympia Avenue, Woburn, MA, 01801
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $379K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $330K
- **Mortgage interest:** $39K
- **Utilities:** $6K
- **Jobs reported:** 18
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*