# PPP loan: ELECTROM INSTRUMENTS INC.
> **$257K** approved 03/31/2021 · Paid in Full · Loan `4124648702`
## Borrower
- **Name:** ELECTROM INSTRUMENTS INC.
- **Address:** 1844 Nelson Rd Ste B, Longmont, CO, 80501-6850
- **NAICS:** 334515
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 11/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $257K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*