# PPP loan: LION ELECTRIC INC
> **$196K** approved 02/22/2021 · Paid in Full · Loan `2676118510`
## Borrower
- **Name:** LION ELECTRIC INC
- **Address:** 205 US Highway 46 Ste 7B, Totowa, NJ, 07512-1815
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $196K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*