# PPP loan: CHERRY LANE ELECTRICAL SERVICE INC
> **$730K** approved 02/11/2021 · Paid in Full · Loan `6837768408`
## Borrower
- **Name:** CHERRY LANE ELECTRICAL SERVICE INC
- **Address:** 8750 Cherry Ln Ste 3, Laurel, MD, 20707-6204
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $730K
- **Initial approval:** $730K
- **Forgiven:** $738K (101%)
- **Forgiveness date:** 03/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $730K
- **Jobs reported:** 60
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*