# PPP loan: MADSEN INC.
> **$925K** approved 02/14/2021 · Paid in Full · Loan `8872528400`
## Borrower
- **Name:** MADSEN INC.
- **Address:** 2901 Springfield Rd, Broomall, PA, 19008-1308
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $925K
- **Initial approval:** $925K
- **Forgiven:** $931K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $925K
- **Utilities:** $1
- **Jobs reported:** 66
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*