# PPP loan: NEAD ELECTRIC, INC.
> **$7.90M** approved 04/12/2020 · Paid in Full · Loan `3884637102`
## Borrower
- **Name:** NEAD ELECTRIC, INC.
- **Address:** 18 East UNION AVE, EAST RUTHERFORD, NJ, 07073-2126
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.90M
- **Initial approval:** $7.90M
- **Forgiven:** $8.00M (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.90M
- **Jobs reported:** 380
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*