# PPP loan: PRESSED CAFE NEWTON, LLC
> **$295K** approved 04/07/2020 · Paid in Full · Loan `7217847002`
## Borrower
- **Name:** PRESSED CAFE NEWTON, LLC
- **Address:** 300 NEEDHAM ST, NEWTON, MA, 02464-1367
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Rent:** $60K
- **Utilities:** $10K
- **Jobs reported:** 50
## 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*