# PPP loan: PAYROLL MANAGEMENT, INC.
> **$526K** approved 04/09/2020 · Paid in Full · Loan `9478537000`
## Borrower
- **Name:** PAYROLL MANAGEMENT, INC.
- **Address:** 550 Center Street, PO Box1837, AUBURN, ME, 04211-1837
- **NAICS:** 541214
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $526K
- **Initial approval:** $526K
- **Forgiven:** $531K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $526K
- **Jobs reported:** 40
## Lender
- **Originating:** Androscoggin Savings Bank
- **Servicing:** Androscoggin Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*