# PPP loan: UNITED RESTAURANT EQUIPMENT CO., INC.
> **$218K** approved 04/28/2020 · Paid in Full · Loan `7371947202`
## Borrower
- **Name:** UNITED RESTAURANT EQUIPMENT CO., INC.
- **Address:** 1 Executive Park Drive, NORTH BILLERICA, MA, 01862-1218
- **NAICS:** 423740
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Rent:** $24K
- **Utilities:** $2K
- **Health care:** $18K
- **Jobs reported:** 14
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*