# PPP loan: BELT TECHNOLOGIES INC.
> **$540K** approved 04/08/2020 · Paid in Full · Loan `8441387005`
## Borrower
- **Name:** BELT TECHNOLOGIES INC.
- **Address:** 11 BOWLES RD, AGAWAM, MA, 01001-2925
- **NAICS:** 326220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $543K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $540K
- **Jobs reported:** 36
## 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*