# PPP loan: R. PALMIERI ELECTRICAL CONTRACTORS INC.
> **$1.37M** approved 02/25/2021 · Paid in Full · Loan `4284498508`
## Borrower
- **Name:** R. PALMIERI ELECTRICAL CONTRACTORS INC.
- **Address:** 939 Harding Hwy, Buena, NJ, 08310-1525
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $1.39M (101%)
- **Forgiveness date:** 04/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.37M
- **Jobs reported:** 80
## Lender
- **Originating:** Century Savings Bank
- **Servicing:** Century Savings Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*