# PPP loan: CGL ELECTRONIC SECURITY INC
> **$703K** approved 04/03/2020 · Paid in Full · Loan `4365987007`
## Borrower
- **Name:** CGL ELECTRONIC SECURITY INC
- **Address:** 35 Southwest Park, WESTWOOD, MA, 02090-1725
- **NAICS:** 561621
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $703K
- **Initial approval:** $703K
- **Forgiven:** $707K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Mortgage interest:** $48K
- **Utilities:** $130K
- **Debt interest:** $150K
- **Jobs reported:** 46
## Lender
- **Originating:** Dedham Institution for Savings
- **Servicing:** Dedham Institution for Savings (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*