# PPP loan: LEVINSON & SANTORO ELECTRIC CORP.
> **$1.23M** approved 01/22/2021 · Charged Off · Loan `4119048302`
## Borrower
- **Name:** LEVINSON & SANTORO ELECTRIC CORP.
- **Address:** 1820 130th St, College Point, NY, 11356-2420
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.13M (91%)
- **Forgiveness date:** 01/13/2022
- **Status:** Charged Off
- **Term:** 38 months
## Use of funds
- **Payroll:** $1.23M
- **Utilities:** $1
- **Jobs reported:** 44
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*