# PPP loan: MCDONOUGH ELECTRIC CONSTRUCTION CORP
> **$450K** approved 03/18/2021 · Paid in Full · Loan `4472388605`
## Borrower
- **Name:** MCDONOUGH ELECTRIC CONSTRUCTION CORP
- **Address:** 10 Commercial Ave # 0, Bedford, MA, 01730-2151
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $454K (101%)
- **Forgiveness date:** 03/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $450K
- **Jobs reported:** 10
## 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*