# PPP loan: STELLOS ELECTRIC SUPPLY INC
> **$571K** approved 04/08/2020 · Paid in Full · Loan `8111377010`
## Borrower
- **Name:** STELLOS ELECTRIC SUPPLY INC
- **Address:** 125 NORTHEASTERN BLVD, NASHUA, NH, 03062-1900
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $571K
- **Initial approval:** $410K
- **Forgiven:** $576K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $535K
- **Rent:** $5K
- **Mortgage interest:** $2K
- **Utilities:** $4K
- **Health care:** $24K
- **Jobs reported:** 42
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*