# PPP loan: LAREDO ELECTRIC INC.
> **$200K** approved 01/16/2021 · Paid in Full · Loan `9998868201`
## 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:** $200K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $200K
- **Utilities:** $1
- **Jobs reported:** 17
## 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*