# PPP loan: NORTHEAST ELECTRICAL CONTRACTORS INC.
> **$273K** approved 04/15/2020 · Paid in Full · Loan `1221567203`
## Borrower
- **Name:** NORTHEAST ELECTRICAL CONTRACTORS INC.
- **Address:** 289 SUBURBAN AVE SUITE G, DEER PARK, NY, 11729
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $273K
- **Initial approval:** $273K
- **Forgiven:** $239K (88%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $134K
- **Rent:** $4K
- **Utilities:** $890
- **Health care:** $134K
- **Jobs reported:** 6
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*