# PPP loan: SIGNET ELECTRONIC SYSTEMS, INC
> **$3.03M** approved 04/07/2020 · Paid in Full · Loan `7282527007`
## Borrower
- **Name:** SIGNET ELECTRONIC SYSTEMS, INC
- **Address:** 90 Longwater Drive, NORWELL, MA, 02061-1612
- **NAICS:** 561621
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.03M
- **Initial approval:** $3.03M
- **Forgiven:** $3.07M (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.03M
- **Jobs reported:** 166
## 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*