# PPP loan: K REGAN MECHANICAL INC
> **$423K** approved 04/27/2020 · Paid in Full · Loan `5584917209`
## Borrower
- **Name:** K REGAN MECHANICAL INC
- **Address:** 10 FEDERAL ST, SALEM, MA, 01970-4080
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $423K
- **Initial approval:** $423K
- **Forgiven:** $427K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Rent:** $5K
- **Utilities:** $500
- **Health care:** $18K
- **Jobs reported:** 33
## 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*