# PPP loan: NEWVILLE ELECTRICAL SERVICES INC
> **$1.28M** approved 02/09/2021 · Exemption 4 · Loan `5772678409`
## Borrower
- **Name:** NEWVILLE ELECTRICAL SERVICES INC
- **Address:** 34 N Corporation St, Newville, PA, 17241-1137
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $769K (60%)
- **Forgiveness date:** 06/09/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.28M
- **Jobs reported:** 39
## Lender
- **Originating:** Orrstown Bank
- **Servicing:** Orrstown Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*