# PPP loan: CAVANAUGH ELECTRIC COMPANY
> **$231K** approved 07/20/2020 · Paid in Full · Loan `5889968101`
## Borrower
- **Name:** CAVANAUGH ELECTRIC COMPANY
- **Address:** 37261 Capel Road, Grafton, OH, 44044-9474
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $231K
- **Initial approval:** $231K
- **Forgiven:** $232K (100%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $231K
- **Jobs reported:** 29
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*