# PPP loan: KOT ELECTRICAL CONSTRUCTION CO., INC.
> **$159K** approved 04/15/2020 · Paid in Full · Loan `8436487104`
## Borrower
- **Name:** KOT ELECTRICAL CONSTRUCTION CO., INC.
- **Address:** PO Box 1457, Latham, NY, 12110
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $138K
- **Rent:** $7K
- **Utilities:** $500
- **Health care:** $11K
- **Debt interest:** $2K
- **Jobs reported:** 13
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*