# PPP loan: IDEAL CONCRETE BLOCK CO
> **$1.00M** approved 04/05/2020 · Paid in Full · Loan `5245407008`
## Borrower
- **Name:** IDEAL CONCRETE BLOCK CO
- **Address:** 45 Powers Rd, WESTFORD, MA, 01886-4111
- **NAICS:** 327320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $750K
- **Mortgage interest:** $60K
- **Utilities:** $65K
- **Health care:** $125K
- **Jobs reported:** 55
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*