# PPP loan: NORTHEAST INDUSTRIAL TECH., INC.
> **$191K** approved 04/09/2020 · Paid in Full · Loan `9233907006`
## Borrower
- **Name:** NORTHEAST INDUSTRIAL TECH., INC.
- **Address:** 70 OLD CANAL DR, LOWELL, MA, 01851-2730
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $191K
- **Initial approval:** $191K
- **Forgiven:** $192K (101%)
- **Forgiveness date:** 04/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $143K
- **Utilities:** $48K
- **Jobs reported:** 11
## 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*