# PPP loan: LEMBERG ELECTRIC CO EMPLOYEE STOCK OP
> **$3.50M** approved 04/04/2020 · Paid in Full · Loan `4998147002`
## Borrower
- **Name:** LEMBERG ELECTRIC CO EMPLOYEE STOCK OP
- **Address:** 4085 N. 128th Street, BROOKFIELD, WI, 53005-1812
- **NAICS:** 238210
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.50M
- **Initial approval:** $3.50M
- **Forgiven:** $3.54M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.50M
- **Jobs reported:** 199
## Lender
- **Originating:** Westbury Bank
- **Servicing:** Westbury Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*