# PPP loan: GEAR/TRONICS, INC.
> **$287K** approved 04/28/2020 · Paid in Full · Loan `7264317206`
## Borrower
- **Name:** GEAR/TRONICS, INC.
- **Address:** 100 CHELMSFORD RD, NORTH BILLERICA, MA, 01862-1328
- **NAICS:** 331313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $287K
- **Forgiven:** $289K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $208K
- **Rent:** $41K
- **Utilities:** $16K
- **Health care:** $21K
- **Jobs reported:** 25
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*