# PPP loan: CHERRY LANE ELECTRICAL SERVICE INC
> **$730K** approved 04/30/2020 · Paid in Full · Loan `5335087306`
## Borrower
- **Name:** CHERRY LANE ELECTRICAL SERVICE INC
- **Address:** 8750 Cherry Lane Suite 3, LAUREL, MD, 20707-6208
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $730K
- **Initial approval:** $730K
- **Forgiven:** $740K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $730K
- **Jobs reported:** 83
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*