# PPP loan: NORTHWEST ELECTRICAL CONTRACTING, INC.
> **$1.01M** approved 04/11/2020 · Paid in Full · Loan `3270527110`
## Borrower
- **Name:** NORTHWEST ELECTRICAL CONTRACTING, INC.
- **Address:** 3149 CENTENNIAL RD, SYLVANIA, OH, 43560-9689
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $759K
- **Mortgage interest:** $15K
- **Utilities:** $50K
- **Health care:** $188K
- **Jobs reported:** 64
## Lender
- **Originating:** Signature Bank, National Association
- **Servicing:** Signature Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*