# PPP loan: TELCO SYSTEMS INC
> **$350K** approved 05/01/2020 · Paid in Full · Loan `5849327706`
## Borrower
- **Name:** TELCO SYSTEMS INC
- **Address:** 15 Berkshire Rd, Mansfield, MA, 02048
- **NAICS:** 334413
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $318K (91%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $350K
- **Jobs reported:** 21
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*