# PPP loan: SPIRELLI ELECTRIC INC
> **$300K** approved 04/05/2020 · Paid in Full · Loan `5524257003`
## Borrower
- **Name:** SPIRELLI ELECTRIC INC
- **Address:** 990 East MAin Street, SHRUB OAK, NY, 10588-1505
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 26
## Lender
- **Originating:** Tompkins Mahopac Bank, A Branch of Tompkins Community Bank
- **Servicing:** Tompkins Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*