# PPP loan: LEX ELECTRIC CO., INC.
> **$1.24M** approved 04/15/2020 · Paid in Full · Loan `1910897203`
## Borrower
- **Name:** LEX ELECTRIC CO., INC.
- **Address:** 1106 N PROVIDENCE RD, MEDIA, PA, 19063-2102
- **NAICS:** 238210
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Jobs reported:** 33
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*