# PPP loan: LEONARD ELECTRIC, INC.
> **$291K** approved 06/17/2020 · Paid in Full · Loan `7397837910`
## Borrower
- **Name:** LEONARD ELECTRIC, INC.
- **Address:** 154 Fletcher Street, Lowell, MA, 01854-4137
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $291K
- **Initial approval:** $291K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $291K
- **Jobs reported:** 24
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*