# PPP loan: E D M CONSTRUCTION INC
> **$397K** approved 04/27/2020 · Paid in Full · Loan `6315927208`
## Borrower
- **Name:** E D M CONSTRUCTION INC
- **Address:** 125 E MAIN ST, MERRIMAC, MA, 01860-1616
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $505K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Jobs reported:** 37
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*