# PPP loan: AIR COMPRESSOR ENGINEERING COMPANY, INC.
> **$1.17M** approved 04/14/2020 · Paid in Full · Loan `6994407108`
## Borrower
- **Name:** AIR COMPRESSOR ENGINEERING COMPANY, INC.
- **Address:** 17 MEADOW ST, WESTFIELD, MA, 01085-3221
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Health care:** $142K
- **Jobs reported:** 59
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*