# PPP loan: PEREIRA ELECTRICAL CONTRACTING INC.
> **$1.25M** approved 04/13/2020 · Paid in Full · Loan `4821097103`
## Borrower
- **Name:** PEREIRA ELECTRICAL CONTRACTING INC.
- **Address:** 205 Liberty Street, Metuchen, NJ, 08840-1217
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $938K
- **Health care:** $313K
- **Jobs reported:** 84
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*