# PPP loan: MOTION ELEVATOR CORPORATION
> **$240K** approved 04/08/2020 · Paid in Full · Loan `8434627007`
## Borrower
- **Name:** MOTION ELEVATOR CORPORATION
- **Address:** 79 FREEPORT ST, DORCHESTER, MA, 02122-2831
- **NAICS:** 333921
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 10
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*