# PPP loan: SAUGUS PAVING INC.
> **$219K** approved 06/02/2020 · Charged Off · Loan `6887197808`
## Borrower
- **Name:** SAUGUS PAVING INC.
- **Address:** 126 IPSWICH RD, BOXFORD, MA, 01921-2029
- **NAICS:** 324122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $219K
- **Initial approval:** $219K
- **Forgiven:** $132K (60%)
- **Forgiveness date:** 05/23/2022
- **Status:** Charged Off
- **Term:** 30 months
## Use of funds
- **Payroll:** $219K
- **Jobs reported:** 16
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*