# PPP loan: HYLAND ELECTRIC INC
> **$195K** approved 04/14/2020 · Paid in Full · Loan `6263087104`
## Borrower
- **Name:** HYLAND ELECTRIC INC
- **Address:** 319 Mountain Way, Morris Plains, NJ, 07950
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $146K
- **Utilities:** $49K
- **Jobs reported:** 13
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*