# PPP loan: KOLB ELECTRIC INC.
> **$1.33M** approved 02/04/2021 · Paid in Full · Loan `3127728409`
## Borrower
- **Name:** KOLB ELECTRIC INC.
- **Address:** 8530 Cinder Bed Rd Ste 1400, Lorton, VA, 22079-1491
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.33M
- **Initial approval:** $1.33M
- **Forgiven:** $1.34M (101%)
- **Forgiveness date:** 03/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.33M
- **Utilities:** $1
- **Jobs reported:** 110
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*