# PPP loan: RALCO ELECTRIC,  INC.
> **$772K** approved 04/08/2020 · Paid in Full · Loan `8029477006`
## Borrower
- **Name:** RALCO ELECTRIC,  INC.
- **Address:** 101 State Road, WESTPORT, MA, 02790-3521
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $772K
- **Initial approval:** $772K
- **Forgiven:** $779K (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $772K
- **Jobs reported:** 63
## Lender
- **Originating:** BayCoast Bank
- **Servicing:** BayCoast Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*