# PPP loan: BARRIER ELECTRIC CO.
> **$198K** approved 04/16/2021 · Paid in Full · Loan `4315748809`
## Borrower
- **Name:** BARRIER ELECTRIC CO.
- **Address:** 479 Avenue C, Bayonne, NJ, 07002-5193
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 02/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $198K
- **Jobs reported:** 12
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*