# PPP loan: GLOBUS ELECTRIC INC
> **$254K** approved 02/26/2021 · Paid in Full · Loan `4994468504`
## Borrower
- **Name:** GLOBUS ELECTRIC INC
- **Address:** 1440 N Broad St, Hillside, NJ, 07205-1639
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $256K (101%)
- **Forgiveness date:** 03/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $254K
- **Jobs reported:** 15
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*