# PPP loan: ALBEN INC
> **$235K** approved 03/08/2021 · Paid in Full · Loan `8007668500`
## Borrower
- **Name:** ALBEN INC
- **Address:** 53 Summer St, Malden, MA, 02148-3937
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $238K (101%)
- **Forgiveness date:** 08/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $235K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** East Cambridge Savings Bank
- **Servicing:** East Cambridge Savings Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*