# PPP loan: RONALD LACHANCE
> **$160K** approved 03/28/2021 · Paid in Full · Loan `2344728705`
## Borrower
- **Name:** RONALD LACHANCE
- **Address:** 12B Old Orchard St, Old Orchard Beach, ME, 04064-2224
- **NAICS:** 722410
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 06/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $160K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Saco & Biddeford Savings Institution
- **Servicing:** Saco & Biddeford Savings Institution (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*