# PPP loan: NORTHEAST COIL, INC.
> **$320K** approved 04/08/2020 · Paid in Full · Loan `7921047002`
## Borrower
- **Name:** NORTHEAST COIL, INC.
- **Address:** 33 ENTERPRISE DRIVE, ARUNDEL, ME, 04046-7978
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $320K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $320K
- **Jobs reported:** 28
## Lender
- **Originating:** Gorham Savings Bank
- **Servicing:** Gorham Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*