# PPP loan: SPRINGFIELD ELECTRICAL CO. INC.
> **$248K** approved 03/13/2021 · Paid in Full · Loan `2092688600`
## Borrower
- **Name:** SPRINGFIELD ELECTRICAL CO. INC.
- **Address:** 300 Albany St, Springfield, MA, 01105-1017
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 02/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $248K
- **Jobs reported:** 25
## Lender
- **Originating:** New Valley Bank & Trust
- **Servicing:** New Valley Bank & Trust (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*