# PPP loan: LABCO ELECTRIC CONTRACTING INC
> **$206K** approved 04/15/2020 · Paid in Full · Loan `2251597207`
## Borrower
- **Name:** LABCO ELECTRIC CONTRACTING INC
- **Address:** 20 06 125th Street College Point, COLLEGE POINT, NY, 11356-0001
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $206K
- **Initial approval:** $206K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Rent:** $41K
- **Jobs reported:** 11
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*