# PPP loan: PAQUETTE ELECTRIC CO. INC
> **$593K** approved 02/05/2021 · Paid in Full · Loan `3940228404`
## Borrower
- **Name:** PAQUETTE ELECTRIC CO. INC
- **Address:** 368 Killingly Rd, Pomfret Center, CT, 06259-2215
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $593K
- **Initial approval:** $593K
- **Forgiven:** $596K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $592K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Webster Bank National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*