# PPP loan: TRACER TECHNOLOGIES INC.
> **$625K** approved 04/15/2020 · Paid in Full · Loan `9747437102`
## Borrower
- **Name:** TRACER TECHNOLOGIES INC.
- **Address:** 20 Assembly Square Dr, SOMERVILLE, MA, 02145-1307
- **NAICS:** 335912
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $625K
- **Initial approval:** $625K
- **Forgiven:** $629K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $477K
- **Rent:** $79K
- **Utilities:** $69K
- **Jobs reported:** 50
## 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*