# PPP loan: IEC INC
> **$315K** approved 04/08/2020 · Paid in Full · Loan `8333457005`
## Borrower
- **Name:** IEC INC
- **Address:** 171 N MAIN STREET, STRONG, ME, 04983-3005
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $315K
- **Initial approval:** $315K
- **Forgiven:** $317K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $315K
- **Jobs reported:** 31
## Lender
- **Originating:** Franklin Savings Bank
- **Servicing:** Franklin Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*