# PPP loan: RITCHIE & SONS, INC.
> **$180K** approved 04/14/2020 · Paid in Full · Loan `6521927100`
## Borrower
- **Name:** RITCHIE & SONS, INC.
- **Address:** 195BALLARDVALE ST, WILMINGTON, MA, 01887-1013
- **NAICS:** 332322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $214K
- **Forgiven:** $181K (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Jobs reported:** 14
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*