# PPP loan: MATCO ELECTRIC CO.
> **$3.49M** approved 04/08/2020 · Paid in Full · Loan `8097527010`
## Borrower
- **Name:** MATCO ELECTRIC CO.
- **Address:** 3913 GATES RD, VESTAL, NY, 13850-2323
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.49M
- **Initial approval:** $3.54M
- **Forgiven:** $3.53M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.49M
- **Jobs reported:** 272
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*