# PPP loan: SOLECT ENERGY DEVELOPMENT LLC
> **$1.31M** approved 04/09/2020 · Paid in Full · Loan `9266987004`
## Borrower
- **Name:** SOLECT ENERGY DEVELOPMENT LLC
- **Address:** 89 HAYDEN ROWE ST, HOPKINTON, MA, 01748-2507
- **NAICS:** 517312
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.33M (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Rent:** $47K
- **Utilities:** $7K
- **Health care:** $151K
- **Debt interest:** $85K
- **Jobs reported:** 64
## Lender
- **Originating:** MutualOne Bank
- **Servicing:** MutualOne Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*