# PPP loan: CHANNEL BUILDING COMPANY INC.
> **$247K** approved 01/20/2021 · Paid in Full · Loan `1947058307`
## Borrower
- **Name:** CHANNEL BUILDING COMPANY INC.
- **Address:** 355 Middlesex Ave Unit 7, Wilmington, MA, 01887-2158
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 03/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $247K
- **Jobs reported:** 12
## Lender
- **Originating:** The Lowell Five Cent Savings Bank
- **Servicing:** The Lowell Five Cent Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*