# PPP loan: PSC GROUP INC
> **$173K** approved 04/04/2020 · Paid in Full · Loan `4800977010`
## Borrower
- **Name:** PSC GROUP INC
- **Address:** 148 State Rd, SAGAMORE BEACH, MA, 02562-2317
- **NAICS:** 541320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $136K
- **Rent:** $10K
- **Utilities:** $3K
- **Debt interest:** $24K
- **Jobs reported:** 23
## Lender
- **Originating:** Mechanics Cooperative Bank
- **Servicing:** Mechanics Cooperative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*