# PPP loan: SCHLESINGER ELECTRICAL CONTRACTORS INC
> **$893K** approved 04/27/2020 · Exemption 4 · Loan `4302167207`
## Borrower
- **Name:** SCHLESINGER ELECTRICAL CONTRACTORS INC
- **Address:** 664 BERGEN STREET, BROOKLYN, NY, 11238
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $893K
- **Initial approval:** $893K
- **Forgiven:** $872K (98%)
- **Forgiveness date:** 04/26/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $893K
- **Jobs reported:** 36
## Lender
- **Originating:** Signature Bank
- **Servicing:** Flagstar Bank National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*