# PPP loan: HOUR ELECTRIC CO., INC.
> **$303K** approved 04/05/2020 · Paid in Full · Loan `5379287004`
## Borrower
- **Name:** HOUR ELECTRIC CO., INC.
- **Address:** 30 EAST ST, FORT EDWARD, NY, 12828-1705
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $303K
- **Initial approval:** $303K
- **Forgiven:** $306K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $303K
- **Jobs reported:** 13
## Lender
- **Originating:** Glens Falls National Bank and Trust Company
- **Servicing:** Glens Falls National Bank and Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*