# PPP loan: HILDRETH ELECTRIC INC
> **$697K** approved 04/28/2020 · Paid in Full · Loan `8439587203`
## Borrower
- **Name:** HILDRETH ELECTRIC INC
- **Address:** 5427 Crown Dr, Lockport, NY, 14095
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $703K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $597K
- **Rent:** $10K
- **Mortgage interest:** $2K
- **Utilities:** $5K
- **Health care:** $70K
- **Debt interest:** $13K
- **Jobs reported:** 79
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*