# PPP loan: PORTLAND STONE WARE CO. INC.
> **$2.97M** approved 04/09/2020 · Exemption 4 · Loan `9315657007`
## Borrower
- **Name:** PORTLAND STONE WARE CO. INC.
- **Address:** 50 MCGRATH RD, DRACUT, MA, 01826-2840
- **NAICS:** 423320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.97M
- **Initial approval:** $2.97M
- **Forgiven:** $932K (31%)
- **Forgiveness date:** 04/20/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.59M
- **Mortgage interest:** $22K
- **Utilities:** $25K
- **Health care:** $1.34M
- **Jobs reported:** 47
## 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*