# PPP loan: ELECTRICAL DYNAMICS INC
> **$1.77M** approved 04/04/2020 · Paid in Full · Loan `4677557006`
## Borrower
- **Name:** ELECTRICAL DYNAMICS INC
- **Address:** 72 B CONCORD STREET, NORTH READING, MA, 01864-2607
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.77M
- **Initial approval:** $1.77M
- **Forgiven:** $1.78M (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.61M
- **Rent:** $15K
- **Utilities:** $21K
- **Health care:** $122K
- **Jobs reported:** 83
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*