# PPP loan: ASSOCIATED ELEVATOR COMPANIES, INC.
> **$1.54M** approved 04/29/2020 · Paid in Full · Loan `2758067309`
## Borrower
- **Name:** ASSOCIATED ELEVATOR COMPANIES, INC.
- **Address:** 5831  Forest Rd., SOUTH YARMOUTH, MA, 02664
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.54M
- **Jobs reported:** 41
## Lender
- **Originating:** Rockland Trust Company
- **Servicing:** Rockland Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*