# PPP loan: NEW ENGLAND ELECTRIC, ELECTRICAL CONTRACTORS INC.
> **$153K** approved 04/27/2020 · Paid in Full · Loan `5159477207`
## Borrower
- **Name:** NEW ENGLAND ELECTRIC, ELECTRICAL CONTRACTORS INC.
- **Address:** 112 Beaver Brook Rd. Suite # 4, Danbury, CT, 06810
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Jobs reported:** 12
## Lender
- **Originating:** Savings Bank of Danbury
- **Servicing:** Savings Bank of Danbury (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*