# PPP loan: SCOTT ENERGY CO., INC
> **$524K** approved 04/03/2020 · Paid in Full · Loan `4539307003`
## Borrower
- **Name:** SCOTT ENERGY CO., INC
- **Address:** PO BOX 1429, GLOUCESTER, MA, 01931-1429
- **NAICS:** 454310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $527K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $524K
- **Jobs reported:** 38
## Lender
- **Originating:** Cape Ann Savings Bank
- **Servicing:** Cape Ann Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*