# PPP loan: SPRINGFIELD MEDICAL ASSOCIATES INC
> **$694K** approved 04/08/2020 · Paid in Full · Loan `7954947008`
## Borrower
- **Name:** SPRINGFIELD MEDICAL ASSOCIATES INC
- **Address:** 2150 MAIN ST, SPRINGFIELD, MA, 01104-3300
- **NAICS:** 621111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $699K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $694K
- **Jobs reported:** 64
## Lender
- **Originating:** Westfield Bank
- **Servicing:** Westfield Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*