# PPP loan: FERGUSON ELECTRIC COMPANY INC
> **$1.81M** approved 04/11/2020 · Paid in Full · Loan `3496287102`
## Borrower
- **Name:** FERGUSON ELECTRIC COMPANY INC
- **Address:** 112 NORTHWEST DR, PLAINVILLE, CT, 06062-1558
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.81M
- **Initial approval:** $1.81M
- **Forgiven:** $1.84M (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.81M
- **Jobs reported:** 44
## Lender
- **Originating:** Liberty Bank
- **Servicing:** Liberty Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*