# PPP loan: BOUGADES ELECTRIC INC
> **$180K** approved 02/22/2021 · Paid in Full · Loan `2928748508`
## Borrower
- **Name:** BOUGADES ELECTRIC INC
- **Address:** 162 Scotland Rd # 164 162-164 Scotland Rd, Orange, NJ, 07050-1456
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 08/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $180K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*