# PPP loan: LUCIBELLO ELECTRIC CO INC
> **$468K** approved 01/20/2021 · Paid in Full · Loan `2316278301`
## Borrower
- **Name:** LUCIBELLO ELECTRIC CO INC
- **Address:** 25 North Plains Highway, Wallingford, CT, 06492
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $468K
- **Initial approval:** $468K
- **Forgiven:** $471K (101%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $468K
- **Utilities:** $1
- **Jobs reported:** 37
## Lender
- **Originating:** Ion Bank
- **Servicing:** Ion Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*