# PPP loan: BAUGUESS ELECTRICAL SERVICES INC.
> **$275K** approved 04/15/2020 · Paid in Full · Loan `1571357210`
## Borrower
- **Name:** BAUGUESS ELECTRICAL SERVICES INC.
- **Address:** 1400 Interchange Boulevard Suite B, Newark, DE, 19711
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $279K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Rent:** $4K
- **Utilities:** $9K
- **Health care:** $39K
- **Jobs reported:** 17
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*