# PPP loan: COLONIAL ELECTRIC SUPPLY COMPANY, THE
> **$5.58M** approved 04/28/2020 · Paid in Full · Loan `6907077206`
## Borrower
- **Name:** COLONIAL ELECTRIC SUPPLY COMPANY, THE
- **Address:** 201 W Church Rd, KING OF PRUSSIA, PA, 19406-3247
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $5.58M
- **Initial approval:** $5.58M
- **Forgiven:** $5.70M (102%)
- **Forgiveness date:** 06/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $5.58M
- **Jobs reported:** 487
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*