# PPP loan: EASTERN TECHNOLOGIES, INC
> **$783K** approved 04/14/2020 · Paid in Full · Loan `5986107107`
## Borrower
- **Name:** EASTERN TECHNOLOGIES, INC
- **Address:** 215 2nd Avenue, ASHFORD, AL, 36312-5441
- **NAICS:** 339113
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $783K
- **Initial approval:** $783K
- **Forgiven:** $793K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $783K
- **Jobs reported:** 58
## Lender
- **Originating:** MidSouth Bank
- **Servicing:** MidSouth Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*