# PPP loan: GEN-EL-MEC ASSOCIATES, INC.
> **$640K** approved 04/11/2020 · Paid in Full · Loan `3427017109`
## Borrower
- **Name:** GEN-EL-MEC ASSOCIATES, INC.
- **Address:** 2 Fox Hollow Road, OXFORD, CT, 06478-3161
- **NAICS:** 332911
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $640K
- **Initial approval:** $640K
- **Forgiven:** $644K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $640K
- **Jobs reported:** 35
## Lender
- **Originating:** Newtown Savings Bank
- **Servicing:** Newtown Savings Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*