# PPP loan: ASSABET MACHINE CORPORATION
> **$175K** approved 03/05/2021 · Paid in Full · Loan `7186248503`
## Borrower
- **Name:** ASSABET MACHINE CORPORATION
- **Address:** 1145 Massachusetts Ave, Boxborough, MA, 01719-1408
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $175K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Avidia Bank
- **Servicing:** Avidia Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*