# PPP loan: MELKONIAN SUBARU INC
> **$501K** approved 04/07/2020 · Paid in Full · Loan `6999717008`
## Borrower
- **Name:** MELKONIAN SUBARU INC
- **Address:** 260 MAIN ST, NORTH READING, MA, 01864-1339
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $501K
- **Initial approval:** $501K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $501K
- **Jobs reported:** 33
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*