# PPP loan: RIBCO ELECTRIC INC
> **$159K** approved 05/01/2020 · Paid in Full · Loan `5770897710`
## Borrower
- **Name:** RIBCO ELECTRIC INC
- **Address:** 14 CROSS ST, DEDHAM, MA, 02026-2949
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $159K
- **Initial approval:** $218K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Jobs reported:** 7
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*