# PPP loan: LAREDO ELECTRIC INC.
> **$200K** approved 04/15/2020 · Paid in Full · Loan `9527017103`
## Borrower
- **Name:** LAREDO ELECTRIC INC.
- **Address:** 2477 ARTHUR KILL RD, STATEN ISLAND, NY, 10309-1207
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $246K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 15
## Lender
- **Originating:** Empire State Bank
- **Servicing:** Empire State Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*