# PPP loan: COLE ELECTRIC INC.
> **$365K** approved 01/17/2021 · Paid in Full · Loan `1554638303`
## Borrower
- **Name:** COLE ELECTRIC INC.
- **Address:** 205 Church Ln, East Thetford, VT, 05043-4438
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $365K
- **Initial approval:** $365K
- **Forgiven:** $369K (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $365K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Ledyard National Bank
- **Servicing:** Ledyard National Bank (VT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*