# PPP loan: HANNON ELECTRIC INCORPORATED
> **$499K** approved 04/05/2020 · Paid in Full · Loan `5102667008`
## Borrower
- **Name:** HANNON ELECTRIC INCORPORATED
- **Address:** 117 EASTMAN ST, SOUTH EASTON, MA, 02375-1212
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $499K
- **Initial approval:** $499K
- **Forgiven:** $493K (99%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $374K
- **Mortgage interest:** $62K
- **Utilities:** $62K
- **Jobs reported:** 42
## Lender
- **Originating:** Bluestone Bank
- **Servicing:** Bluestone Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*