# PPP loan: TEC, INC.
> **$671K** approved 04/09/2020 · Paid in Full · Loan `9259007005`
## Borrower
- **Name:** TEC, INC.
- **Address:** 146 DASCOMB RD, ANDOVER, MA, 01810-5887
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $671K
- **Initial approval:** $671K
- **Forgiven:** $676K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $547K
- **Rent:** $70K
- **Utilities:** $6K
- **Health care:** $38K
- **Jobs reported:** 43
## 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*