# PPP loan: PIGOTT ELECTRIC CO., INC.
> **$450K** approved 04/04/2020 · Paid in Full · Loan `4689877005`
## Borrower
- **Name:** PIGOTT ELECTRIC CO., INC.
- **Address:** 6 ARROWHEAD LN, ARLINGTON, MA, 02474-1918
- **NAICS:** 238210
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $453K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $338K
- **Rent:** $113K
- **Jobs reported:** 22
## Lender
- **Originating:** Leader Bank, National Association
- **Servicing:** Leader Bank, National Association (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*