# PPP loan: VSC ELECTRIC INC.
> **$496K** approved 04/06/2020 · Paid in Full · Loan `5671857006`
## Borrower
- **Name:** VSC ELECTRIC INC.
- **Address:** 322 3rd Avenue, BAYPORT, NY, 11705-1316
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $496K
- **Initial approval:** $496K
- **Forgiven:** $499K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Rent:** $107K
- **Jobs reported:** 29
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*