# PPP loan: SANTAITE ELECTRIC INC.
> **$164K** approved 02/10/2021 · Paid in Full · Loan `6201078407`
## Borrower
- **Name:** SANTAITE ELECTRIC INC.
- **Address:** 64 N Summit St # 204, Tenafly, NJ, 07670-1034
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $164K
- **Jobs reported:** 12
## Lender
- **Originating:** First Bank of the Lake
- **Servicing:** First Bank of the Lake (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*