# PPP loan: PARAGON ELECTRIC CORP.
> **$290K** approved 02/03/2021 · Paid in Full · Loan `2654098407`
## Borrower
- **Name:** PARAGON ELECTRIC CORP.
- **Address:** 10 Technology Dr Unit 12, East Setauket, NY, 11733-4063
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $295K (101%)
- **Forgiveness date:** 06/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $290K
- **Utilities:** $1
- **Jobs reported:** 62
## Lender
- **Originating:** HSBC Bank USA, National Association
- **Servicing:** HSBC Bank USA, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*