# PPP loan: SAL ELECTRIC CO., INC.
> **$1.62M** approved 04/05/2020 · Paid in Full · Loan `5358057006`
## Borrower
- **Name:** SAL ELECTRIC CO., INC.
- **Address:** 83 FLEET ST, JERSEY CITY, NJ, 07306-2211
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.62M
- **Jobs reported:** 116
## Lender
- **Originating:** Columbia Bank
- **Servicing:** Columbia Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*