# PPP loan: SELECTRODE INDUSTRIES INC
> **$1.31M** approved 04/27/2020 · Exemption 4 · Loan `5300737202`
## Borrower
- **Name:** SELECTRODE INDUSTRIES INC
- **Address:** 230 Broadway, Huntington Station, NY, 11746
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $557K (43%)
- **Forgiveness date:** 07/11/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.31M
- **Jobs reported:** 47
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*