# PPP loan: LAB MEDICAL MANUFACTURING, INC.
> **$923K** approved 04/15/2020 · Paid in Full · Loan `8755507105`
## Borrower
- **Name:** LAB MEDICAL MANUFACTURING, INC.
- **Address:** 28 COOK ST, BILLERICA, MA, 01821-6060
- **NAICS:** 339112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $923K
- **Initial approval:** $923K
- **Forgiven:** $932K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $692K
- **Utilities:** $231K
- **Jobs reported:** 80
## Lender
- **Originating:** Cambridge Savings Bank
- **Servicing:** Cambridge Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*