# PPP loan: L & B ELECTRICAL CONTRACTORS, INC
> **$291K** approved 04/07/2020 · Paid in Full · Loan `7133267008`
## Borrower
- **Name:** L & B ELECTRICAL CONTRACTORS, INC
- **Address:** 28 capital avenue, LISBON FALLS, ME, 04252-1102
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $291K
- **Initial approval:** $291K
- **Forgiven:** $292K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $291K
- **Jobs reported:** 18
## Lender
- **Originating:** Androscoggin Savings Bank
- **Servicing:** Androscoggin Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*