# PPP loan: L.E. SMITH (1874), INCORPORATED
> **$447K** approved 04/09/2020 · Paid in Full · Loan `9734947005`
## Borrower
- **Name:** L.E. SMITH (1874), INCORPORATED
- **Address:** 3 Station Square, ROCKPORT, MA, 01966-1474
- **NAICS:** 444130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $447K
- **Initial approval:** $447K
- **Forgiven:** $451K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $335K
- **Rent:** $56K
- **Utilities:** $56K
- **Jobs reported:** 55
## Lender
- **Originating:** Institution for Savings In Newburyport and its Vicinity
- **Servicing:** Institution for Savings In Newburyport and its Vicinity (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*