# PPP loan: MITCHELL ELECTRIC INC
> **$261K** approved 04/06/2020 · Paid in Full · Loan `5972277002`
## Borrower
- **Name:** MITCHELL ELECTRIC INC
- **Address:** 3 INDUSTRIAL WAY Unit A, TYNGSBORO, MA, 01879-1432
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $263K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $219K
- **Rent:** $10K
- **Mortgage interest:** $10K
- **Utilities:** $6K
- **Health care:** $16K
- **Jobs reported:** 20
## 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*