# PPP loan: NORWOOD SUBARU, INC
> **$1.03M** approved 04/15/2020 · Paid in Full · Loan `9051237103`
## Borrower
- **Name:** NORWOOD SUBARU, INC
- **Address:** 842 Providence Highway, Norwood, MA, 02062
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $822K
- **Rent:** $156K
- **Utilities:** $21K
- **Health care:** $34K
- **Jobs reported:** 74
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*