# PPP loan: BURNELL CONTROLS, INC.
> **$652K** approved 04/15/2020 · Paid in Full · Loan `8818687100`
## Borrower
- **Name:** BURNELL CONTROLS, INC.
- **Address:** 153 Andover Street Suite 202, DANVERS, MA, 01923-1450
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $652K
- **Initial approval:** $666K
- **Forgiven:** $660K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $642K
- **Jobs reported:** 31
## Lender
- **Originating:** StonehamBank
- **Servicing:** StonehamBank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*