# PPP loan: PEERLESS ELECTRONICS INC
> **$1.01M** approved 01/29/2021 · Paid in Full · Loan `8043918304`
## Borrower
- **Name:** PEERLESS ELECTRONICS INC
- **Address:** 85 Adams Ave, Hauppauge, NY, 11788-3629
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.01M
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Dime Community 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*