# PPP loan: STILIAN ELECTRIC INC.
> **$421K** approved 04/08/2020 · Paid in Full · Loan `7923937002`
## Borrower
- **Name:** STILIAN ELECTRIC INC.
- **Address:** 20 AEGEAN DR, Suite 3, METHUEN, MA, 01844-1561
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $421K
- **Initial approval:** $421K
- **Forgiven:** $423K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $385K
- **Rent:** $4K
- **Utilities:** $500
- **Health care:** $31K
- **Jobs reported:** 23
## 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*