# PPP loan: GABLE ELECTRIC INC
> **$720K** approved 01/15/2021 · Exemption 4 · Loan `9976758202`
## Borrower
- **Name:** GABLE ELECTRIC INC
- **Address:** 5 Westview Rd, Pittsfield, MA, 01201-8021
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $720K
- **Initial approval:** $720K
- **Forgiven:** $671K (93%)
- **Forgiveness date:** 12/21/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $720K
- **Utilities:** $1
- **Jobs reported:** 59
## Lender
- **Originating:** Greylock FCU
- **Servicing:** Greylock FCU (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*