# PPP loan: ELCO ELECTRICAL COMPANY INC.
> **$326K** approved 04/28/2020 · Paid in Full · Loan `9705527205`
## Borrower
- **Name:** ELCO ELECTRICAL COMPANY INC.
- **Address:** 642 Montmorenci Rd, Ridgway, PA, 15853-6822
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $326K
- **Initial approval:** $326K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $326K
- **Jobs reported:** 9
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*