# PPP loan: S&L ELECTRIC INC.
> **$1.26M** approved 02/05/2021 · Paid in Full · Loan `3678308408`
## Borrower
- **Name:** S&L ELECTRIC INC.
- **Address:** 5313 State Highway 56, Colton, NY, 13625-3106
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Forgiven:** $1.27M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.26M
- **Jobs reported:** 56
## Lender
- **Originating:** Community Bank, National Association
- **Servicing:** Community Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*