# PPP loan: BORMANN BROTHERS, INC.
> **$325K** approved 04/07/2020 · Paid in Full · Loan `6927757010`
## Borrower
- **Name:** BORMANN BROTHERS, INC.
- **Address:** 30 Lomar Park Drive, PEPPERELL, MA, 01463
- **NAICS:** 493110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $292K
- **Health care:** $34K
- **Jobs reported:** 22
## 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*