# PPP loan: MACNICHOL ELECTRIC INC
> **$185K** approved 03/26/2021 · Paid in Full · Loan `1045388705`
## Borrower
- **Name:** MACNICHOL ELECTRIC INC
- **Address:** 2 Wildewood Dr, Lynnfield, MA, 01940-1323
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $185K
- **Initial approval:** $185K
- **Forgiven:** $187K (101%)
- **Forgiveness date:** 03/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $185K
- **Jobs reported:** 12
## 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*