# PPP loan: ALDON ELECTRIC INC.
> **$3.83M** approved 04/13/2020 · Paid in Full · Loan `4925447106`
## Borrower
- **Name:** ALDON ELECTRIC INC.
- **Address:** 38 Greenwood Ave, EAST WEYMOUTH, MA, 02189-1106
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.83M
- **Initial approval:** $3.83M
- **Forgiven:** $3.88M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.83M
- **Jobs reported:** 277
## Lender
- **Originating:** Rockland Trust Company
- **Servicing:** Rockland Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*