# PPP loan: COMMONWEALTH ELECTRICAL TECHNOLOGIES, INC.
> **$2.06M** approved 04/04/2020 · Paid in Full · Loan `4644687003`
## Borrower
- **Name:** COMMONWEALTH ELECTRICAL TECHNOLOGIES, INC.
- **Address:** 125 BLACKSTONE RIVER RD, WORCESTER, MA, 01607-1491
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.06M
- **Initial approval:** $2.06M
- **Forgiven:** $2.09M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.06M
- **Jobs reported:** 121
## Lender
- **Originating:** Webster Five Cents Savings Bank
- **Servicing:** Webster Five Cents Savings Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*