# PPP loan: PARCELS INC.
> **$1.14M** approved 01/30/2021 · Paid in Full · Loan `8728768310`
## Borrower
- **Name:** PARCELS INC.
- **Address:** 230 N Market St, Wilmington, DE, 19801-2528
- **NAICS:** 492110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 06/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.14M
- **Utilities:** $1
- **Jobs reported:** 106
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*