# PPP loan: CISTERCIAN ABBEY OF SPENCER INC.
> **$291K** approved 04/09/2020 · Paid in Full · Loan `9750017008`
## Borrower
- **Name:** CISTERCIAN ABBEY OF SPENCER INC.
- **Address:** 167 N. Spencer Road, SPENCER, MA, 01562-1232
- **NAICS:** 312120
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $291K
- **Initial approval:** $291K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $116K
- **Rent:** $174K
- **Jobs reported:** 41
## Lender
- **Originating:** Berkshire Bank
- **Servicing:** Berkshire Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*