# PPP loan: WILLETT ELECTRIC INC
> **$217K** approved 04/15/2021 · Paid in Full · Loan `3752288806`
## Borrower
- **Name:** WILLETT ELECTRIC INC
- **Address:** 22 Briarwood Dr, Edgartown, MA, 02539-6511
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $219K (101%)
- **Forgiveness date:** 02/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $217K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Martha's Vineyard Bank
- **Servicing:** Martha's Vineyard Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*