# PPP loan: VESPA ELECTRICAL CO INC
> **$307K** approved 03/25/2021 · Paid in Full · Loan `8909438609`
## Borrower
- **Name:** VESPA ELECTRICAL CO INC
- **Address:** 13 GREAT MEADOW LN, EAST HANOVER, NJ, 07936
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 02/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $307K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Itria Ventures LLC
- **Servicing:** Itria Ventures LLC (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*