# PPP loan: MDC ASSOCIATES, INC.
> **$238K** approved 04/08/2020 · Paid in Full · Loan `8608177004`
## Borrower
- **Name:** MDC ASSOCIATES, INC.
- **Address:** 180 Cabot Street, BEVERLY, MA, 01915-5846
- **NAICS:** 621511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Jobs reported:** 16
## Lender
- **Originating:** SouthState Bank National Association
- **Servicing:** SouthState Bank, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*