# PPP loan: A.C. SCOTT ELECTRIC CO. INC.
> **$531K** approved 08/06/2020 · Paid in Full · Loan `4613268206`
## Borrower
- **Name:** A.C. SCOTT ELECTRIC CO. INC.
- **Address:** 606 New York Ave, Trenton, NJ, 08638-3910
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $531K
- **Initial approval:** $531K
- **Forgiven:** $534K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $531K
- **Jobs reported:** 20
## Lender
- **Originating:** Manasquan Bank
- **Servicing:** Manasquan Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*