# PPP loan: NEW ENGLAND AUTOMAX INC
> **$1.12M** approved 04/07/2020 · Paid in Full · Loan `6926877009`
## Borrower
- **Name:** NEW ENGLAND AUTOMAX INC
- **Address:** 1199 Worcester Road, FRAMINGHAM, MA, 01701-5214
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $448K
- **Rent:** $673K
- **Jobs reported:** 74
## Lender
- **Originating:** Berkshire Bank
- **Servicing:** Berkshire Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*