# PPP loan: TRU-VAL ELECTRIC CORP.
> **$2.00M** approved 01/28/2021 · Paid in Full · Loan `7577038300`
## Borrower
- **Name:** TRU-VAL ELECTRIC CORP.
- **Address:** 85 Orient Way, Rutherford, NJ, 07070-2070
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 04/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 147
## Lender
- **Originating:** Columbia Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*