# PPP loan: LOCUS ROBOTICS CORP
> **$1.63M** approved 04/07/2020 · Paid in Full · Loan `7012827003`
## Borrower
- **Name:** LOCUS ROBOTICS CORP
- **Address:** 301 BALLARDVALE ST Suite 2, WILMINGTON, MA, 01887-1014
- **NAICS:** 493130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.63M
- **Initial approval:** $1.63M
- **Forgiven:** $1.66M (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.63M
- **Jobs reported:** 99
## 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*