# PPP loan: ELECTRIC COIL SERVICE INC
> **$227K** approved 04/14/2020 · Paid in Full · Loan `7080957107`
## Borrower
- **Name:** ELECTRIC COIL SERVICE INC
- **Address:** 531 Water Street, Temple, PA, 19560
- **NAICS:** 335312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Mortgage interest:** $28K
- **Utilities:** $28K
- **Jobs reported:** 16
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*