# PPP loan: ORCHARD ELECTRIC INC.
> **$167K** approved 01/22/2021 · Paid in Full · Loan `3691728301`
## Borrower
- **Name:** ORCHARD ELECTRIC INC.
- **Address:** 210 Florence Rd, Florence, MA, 01062-2621
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $168K (100%)
- **Forgiveness date:** 06/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $167K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** bankESB
- **Servicing:** bankESB (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*