# PPP loan: STEWART POWER EQUIPMENT INC
> **$221K** approved 04/07/2020 · Paid in Full · Loan `7098787004`
## Borrower
- **Name:** STEWART POWER EQUIPMENT INC
- **Address:** 776 PLYMOUTH ST, HOLBROOK, MA, 02343-1941
- **NAICS:** 444210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Rent:** $40K
- **Utilities:** $6K
- **Jobs reported:** 18
## Lender
- **Originating:** Abington Bank, A Division of North Shore Bank, a Co-operative Bank
- **Servicing:** North Shore Bank, a Co-operative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*