# PPP loan: GERVAIS LINCOLN, INC.
> **$271K** approved 04/09/2020 · Paid in Full · Loan `9653967009`
## Borrower
- **Name:** GERVAIS LINCOLN, INC.
- **Address:** 24 REISS AVE, LOWELL, MA, 01851-5129
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Rent:** $20K
- **Mortgage interest:** $15K
- **Utilities:** $7K
- **Health care:** $26K
- **Jobs reported:** 29
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*