# PPP loan: BENEFICIAL ELECTRIC
> **$214K** approved 03/13/2021 · Paid in Full · Loan `1896388605`
## Borrower
- **Name:** BENEFICIAL ELECTRIC
- **Address:** 2 Pelhamdale Cir, Elkton, MD, 21921-6382
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $214K
- **Initial approval:** $214K
- **Forgiven:** $219K (103%)
- **Forgiveness date:** 09/21/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $214K
- **Jobs reported:** 25
## 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*