# PPP loan: LAIBE ELECTRIC CO.
> **$4.18M** approved 04/03/2020 · Paid in Full · Loan `4482767010`
## Borrower
- **Name:** LAIBE ELECTRIC CO.
- **Address:** 404 N. Byrne Rd., TOLEDO, OH, 43607-2609
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.18M
- **Initial approval:** $4.18M
- **Forgiven:** $4.23M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.79M
- **Health care:** $1.39M
- **Jobs reported:** 193
## Lender
- **Originating:** Signature Bank, National Association
- **Servicing:** Signature Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*