# PPP loan: NEW ENGLAND OVERSEAS CORP
> **$241K** approved 04/08/2020 · Paid in Full · Loan `8342767006`
## Borrower
- **Name:** NEW ENGLAND OVERSEAS CORP
- **Address:** 358 LOWDEN ST, PAWTUCKET, RI, 02860-6052
- **NAICS:** 313110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $181K
- **Rent:** $30K
- **Utilities:** $30K
- **Jobs reported:** 23
## Lender
- **Originating:** Navigant CU
- **Servicing:** Navigant CU (RI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*