# PPP loan: PRINCE ELECTRICAL CONTRACTING
> **$450K** approved 04/15/2020 · Paid in Full · Loan `8945377104`
## Borrower
- **Name:** PRINCE ELECTRICAL CONTRACTING
- **Address:** 1406 BLONDELL AVE, BRONX, NY, 10461
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $544K
- **Forgiven:** $452K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $450K
- **Jobs reported:** 35
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*