# PPP loan: BENOIT ELECTRIC INC
> **$1.11M** approved 01/22/2021 · Paid in Full · Loan `4115508301`
## Borrower
- **Name:** BENOIT ELECTRIC INC
- **Address:** 254 Industrial Ln, Barre, VT, 05641-5420
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 11/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.11M
- **Utilities:** $1
- **Jobs reported:** 74
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*