# PPP loan: LINCOLN ELECTRIC PRODUCTS CO. INC.
> **$894K** approved 05/01/2020 · Paid in Full · Loan `1822987707`
## Borrower
- **Name:** LINCOLN ELECTRIC PRODUCTS CO. INC.
- **Address:** 947 LEHIGH AVE, UNION, NJ, 07083
- **NAICS:** 335313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $894K
- **Initial approval:** $894K
- **Forgiven:** $902K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $774K
- **Rent:** $75K
- **Utilities:** $9K
- **Health care:** $37K
- **Jobs reported:** 54
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*