# PPP loan: RADEC ELECTRIC CORPORATION
> **$1.20M** approved 01/22/2021 · Paid in Full · Loan `3407848306`
## Borrower
- **Name:** RADEC ELECTRIC CORPORATION
- **Address:** 100 Rockwood St, Rochester, NY, 14610-2661
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.20M (100%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.20M
- **Utilities:** $1
- **Jobs reported:** 83
## Lender
- **Originating:** The Canandaigua National Bank and Trust Company
- **Servicing:** The Canandaigua National Bank and Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*