# PPP loan: ECHOSTOR TECHNOLOGIES, INC
> **$1.20M** approved 04/28/2020 · Paid in Full · Loan `9125197206`
## Borrower
- **Name:** ECHOSTOR TECHNOLOGIES, INC
- **Address:** 45 SOUTH ST, HOPKINTON, MA, 01748-2237
- **NAICS:** 518210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Rent:** $700K
- **Utilities:** $4K
- **Jobs reported:** 49
## Lender
- **Originating:** Middlesex Savings Bank
- **Servicing:** Middlesex Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*