# PPP loan: SUBSTATION ENGINEERING COMPANY
> **$1.29M** approved 04/27/2020 · Paid in Full · Loan `5261997206`
## Borrower
- **Name:** SUBSTATION ENGINEERING COMPANY
- **Address:** 6 Commerce Dr, Reading, PA, 19607
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.29M
- **Initial approval:** $1.29M
- **Forgiven:** $1.30M (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $969K
- **Rent:** $161K
- **Utilities:** $161K
- **Jobs reported:** 87
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*