# PPP loan: SPRING CITY ELECTRICAL MFG CO
> **$1.43M** approved 04/11/2020 · Paid in Full · Loan `2825277107`
## Borrower
- **Name:** SPRING CITY ELECTRICAL MFG CO
- **Address:** 1 S. Main Street, SPRING CITY, PA, 19475-1858
- **NAICS:** 331524
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.43M
- **Initial approval:** $1.43M
- **Forgiven:** $1.44M (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $988K
- **Rent:** $26K
- **Mortgage interest:** $2K
- **Utilities:** $222K
- **Health care:** $159K
- **Debt interest:** $36K
- **Jobs reported:** 110
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*