# PPP loan: LEER ELECTRIC INC.
> **$976K** approved 02/19/2021 · Paid in Full · Loan `1636198502`
## Borrower
- **Name:** LEER ELECTRIC INC.
- **Address:** 3 Barlo Cir Leer Electric Inc, Dillsburg, PA, 17019-1621
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $976K
- **Initial approval:** $1.02M
- **Forgiven:** $982K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $976K
- **Utilities:** $1
- **Jobs reported:** 70
## 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*