# PPP loan: ESSEX BAY ENGINEERING, INC.
> **$620K** approved 04/04/2020 · Paid in Full · Loan `4706147001`
## Borrower
- **Name:** ESSEX BAY ENGINEERING, INC.
- **Address:** 19 MITCHELL RD, IPSWICH, MA, 01938-1218
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $624K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $620K
- **Jobs reported:** 44
## Lender
- **Originating:** BankGloucester
- **Servicing:** BankGloucester (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*