# PPP loan: MACDAC ENGINEERING
> **$254K** approved 04/07/2020 · Paid in Full · Loan `6971007005`
## Borrower
- **Name:** MACDAC ENGINEERING
- **Address:** 27 Quality Avenue, SOMERS, CT, 06071-1801
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $256K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Jobs reported:** 16
## Lender
- **Originating:** Country Bank for Savings
- **Servicing:** Country Bank for Savings (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*