# PPP loan: FALMOUTH SCIENTIFIC INC
> **$178K** approved 04/06/2020 · Paid in Full · Loan `6412977007`
## Borrower
- **Name:** FALMOUTH SCIENTIFIC INC
- **Address:** 315 PO BOX, CATAUMET, MA, 02534-0315
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Jobs reported:** 16
## Lender
- **Originating:** The Cape Cod Five Cents Savings Bank
- **Servicing:** The Cape Cod 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*