# PPP loan: MSI MECHANICAL SYSTEMS, INC.
> **$407K** approved 04/08/2020 · Paid in Full · Loan `8804657003`
## Borrower
- **Name:** MSI MECHANICAL SYSTEMS, INC.
- **Address:** 10 DELAWARE DR, SALEM, NH, 03079-4033
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $407K
- **Initial approval:** $407K
- **Forgiven:** $409K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $380K
- **Rent:** $9K
- **Utilities:** $700
- **Debt interest:** $17K
- **Jobs reported:** 26
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*