# PPP loan: NEW ENGLAND APPLIED PRODUCTS, INC
> **$209K** approved 04/28/2020 · Paid in Full · Loan `9001207205`
## Borrower
- **Name:** NEW ENGLAND APPLIED PRODUCTS, INC
- **Address:** 40 L ST, SOUTH BOSTON, MA, 02127-1512
- **NAICS:** 425120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $209K
- **Initial approval:** $209K
- **Forgiven:** $211K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $192K
- **Rent:** $10K
- **Utilities:** $3K
- **Health care:** $4K
- **Jobs reported:** 11
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*