# PPP loan: COMPONENT ENGINEERS INC
> **$1.27M** approved 01/28/2021 · Paid in Full · Loan `7512718302`
## Borrower
- **Name:** COMPONENT ENGINEERS INC
- **Address:** 108 N Plains Industrial Rd, Wallingford, CT, 06492-2334
- **NAICS:** 332119
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.27M
- **Utilities:** $1
- **Jobs reported:** 116
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*