# PPP loan: SCOTT ELECTRONICS, INC.
> **$934K** approved 04/28/2020 · Paid in Full · Loan `7989827203`
## Borrower
- **Name:** SCOTT ELECTRONICS, INC.
- **Address:** 5 Industrial Way, Suite 2D, SALEM, NH, 03079-4886
- **NAICS:** 811211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $934K
- **Initial approval:** $965K
- **Forgiven:** $942K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $934K
- **Jobs reported:** 130
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*