# PPP loan: LB ELECTRCI COMPANY, LLC
> **$2.16M** approved 04/07/2020 · Paid in Full · Loan `7646887001`
## Borrower
- **Name:** LB ELECTRCI COMPANY, LLC
- **Address:** 50 COMMERCE RD, CEDAR GROVE, NJ, 07009-1206
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.16M
- **Initial approval:** $2.16M
- **Forgiven:** $2.19M (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.16M
- **Jobs reported:** 74
## 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*