# PPP loan: MASSACHUSETTS ENVELOPE COMPANY, INC.
> **$800K** approved 04/09/2020 · Paid in Full · Loan `9640887010`
## Borrower
- **Name:** MASSACHUSETTS ENVELOPE COMPANY, INC.
- **Address:** 30 COBBLE HILL ROAD, SOMERVILLE, MA, 02143-4412
- **NAICS:** 424120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $800K
- **Initial approval:** $800K
- **Forgiven:** $807K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Jobs reported:** 53
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*