# PPP loan: MCNELLEY ELECTRIC SERVICES, INC.
> **$245K** approved 01/16/2021 · Paid in Full · Loan `1270768305`
## Borrower
- **Name:** MCNELLEY ELECTRIC SERVICES, INC.
- **Address:** 504 North Ave, Wakefield, MA, 01880-1607
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 03/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 14
## Lender
- **Originating:** Wakefield Co-Operative Bank
- **Servicing:** Wakefield Co-Operative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*