# PPP loan: INTERSTATE ELECTRICAL SERVICES CORP.
> **$8.57M** approved 04/13/2020 · Paid in Full · Loan `5067577107`
## Borrower
- **Name:** INTERSTATE ELECTRICAL SERVICES CORP.
- **Address:** 70 TREBLE COVE RD, NORTH BILLERICA, MA, 01862-2208
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.57M
- **Initial approval:** $8.57M
- **Forgiven:** $8.68M (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $8.57M
- **Jobs reported:** 500
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*