# PPP loan: B&L ELECTRIC CO. INC.
> **$194K** approved 05/06/2020 · Paid in Full · Loan `2609017410`
## Borrower
- **Name:** B&L ELECTRIC CO. INC.
- **Address:** 1197 Baltimore Annapolis Blvd, ARNOLD, MD, 21012-1890
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Jobs reported:** 18
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*