# PPP loan: MACNICHOL ELECTRIC, INC.
> **$200K** approved 04/28/2020 · Exemption 4 · Loan `6639117208`
## Borrower
- **Name:** MACNICHOL ELECTRIC, INC.
- **Address:** 2 WILDEWOOD DR, LYNNFIELD, MA, 01940
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $171K (86%)
- **Forgiveness date:** 12/16/2020
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 14
## 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*