# PPP loan: GENMAR ELECTRICAL CONTRACTING CORP
> **$642K** approved 04/16/2020 · Paid in Full · Loan `2890957204`
## Borrower
- **Name:** GENMAR ELECTRICAL CONTRACTING CORP
- **Address:** 35 URBAN AVENUE, WESTBURY, NY, 11590-0001
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $642K
- **Initial approval:** $642K
- **Forgiven:** $647K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $514K
- **Rent:** $128K
- **Jobs reported:** 45
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*