# PPP loan: ABG ELECTRIC CO. INC.
> **$588K** approved 05/08/2020 · Paid in Full · Loan `3853517403`
## Borrower
- **Name:** ABG ELECTRIC CO. INC.
- **Address:** 918 State Route 33, Suite 1, FREEHOLD, NJ, 07728
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $588K
- **Initial approval:** $588K
- **Forgiven:** $594K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $588K
- **Jobs reported:** 22
## Lender
- **Originating:** First Commerce Bank
- **Servicing:** First Commerce Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*