# PPP loan: PION INC.
> **$534K** approved 04/14/2020 · Paid in Full · Loan `7110127107`
## Borrower
- **Name:** PION INC.
- **Address:** 10 Cook Street, BILLERICA, MA, 01821-6061
- **NAICS:** 334519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $534K
- **Initial approval:** $534K
- **Forgiven:** $540K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $427K
- **Rent:** $92K
- **Utilities:** $15K
- **Jobs reported:** 30
## Lender
- **Originating:** Middlesex Savings Bank
- **Servicing:** Middlesex Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*