# PPP loan: COVE ELECTRIC INC
> **$635K** approved 04/07/2020 · Paid in Full · Loan `7246767001`
## Borrower
- **Name:** COVE ELECTRIC INC
- **Address:** 200 EDGEWOOD RD, EDGEWOOD, MD, 21040-3307
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $635K
- **Initial approval:** $635K
- **Forgiven:** $642K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $635K
- **Jobs reported:** 67
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*