# PPP loan: TECH RIDGE, INC.
> **$187K** approved 04/28/2020 · Paid in Full · Loan `7088587206`
## Borrower
- **Name:** TECH RIDGE, INC.
- **Address:** 190 HUNT RD, CHELMSFORD, MA, 01824-3722
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $108K
- **Rent:** $25K
- **Mortgage interest:** $6K
- **Utilities:** $10K
- **Health care:** $30K
- **Debt interest:** $8K
- **Jobs reported:** 10
## 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*