 CONCORD, Mass., Feb. 03, 2021 GLOBE NEWSWIRE -- Technical Communications Corporation OTCQB: TCCO today announced that on February 1, 2021, the Company received a loan from bankHometown under the U.S. Small Business Administrations Paycheck Protection Program as authorized under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act the Economic Aid Act. The loan, evidenced by a promissory note, is in the principal amount of 474,400 and all or a portion of the loan is expected to be forgiven under the provisions of the Economic Aid Act. Any portion of the loan that is not eligible to be forgiven will be paid back over five years at an interest rate of 1 per year. 