# PPP loan: PEERLESS ELECTRONICS INC
> **$1.01M** approved 04/08/2020 · Paid in Full · Loan `8236497004`
## Borrower
- **Name:** PEERLESS ELECTRONICS INC
- **Address:** 85 ADAMS AVENUE, HAUPPAUGE, NY, 11788-3629
- **NAICS:** 443142
- **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:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 68
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*