# PPP loan: PORT ELECTRONICS CORPORATION
> **$204K** approved 04/07/2020 · Paid in Full · Loan `6579427008`
## Borrower
- **Name:** PORT ELECTRONICS CORPORATION
- **Address:** 60 ISLAND ST, LAWRENCE, MA, 01840-1803
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $212K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Jobs reported:** 10
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*