# PPP loan: SEVERANCE WAREHOUSING, INC
> **$160K** approved 04/28/2020 · Paid in Full · Loan `7614867208`
## Borrower
- **Name:** SEVERANCE WAREHOUSING, INC
- **Address:** 49 MCGRATH ROAD, DRACUT, MA, 01826-2838
- **NAICS:** 493110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Jobs reported:** 15
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*