# PPP loan: SCHENECTADY HARDWARE & ELECTRIC CO., INC.
> **$3.68M** approved 04/15/2020 · Paid in Full · Loan `8860107105`
## Borrower
- **Name:** SCHENECTADY HARDWARE & ELECTRIC CO., INC.
- **Address:** 155 Erie Boulevard, Schenectady, NY, 12305
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.68M
- **Initial approval:** $3.68M
- **Forgiven:** $3.72M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.64M
- **Utilities:** $15K
- **Health care:** $1.02M
- **Debt interest:** $8K
- **Jobs reported:** 165
## 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*