# PPP loan: MEDFORD WELLINGTON SERVICE CO. INC.
> **$1.99M** approved 03/05/2021 · Paid in Full · Loan `7232628501`
## Borrower
- **Name:** MEDFORD WELLINGTON SERVICE CO. INC.
- **Address:** 9 Executive Park Dr, North Billerica, MA, 01862-1318
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.99M
- **Initial approval:** $1.99M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.99M
- **Utilities:** $1
- **Jobs reported:** 118
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*