# PPP loan: RANDOLPH ENGINEERING, INC,
> **$1.02M** approved 04/04/2020 · Paid in Full · Loan `4985317006`
## Borrower
- **Name:** RANDOLPH ENGINEERING, INC,
- **Address:** 26 THOMAS PATTEN DR, RANDOLPH, MA, 02368-3902
- **NAICS:** 339115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $765K
- **Utilities:** $255K
- **Jobs reported:** 81
## Lender
- **Originating:** Cambridge Savings Bank
- **Servicing:** Cambridge Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*