# PPP loan: LYNCH ELECTRIC & SONS INC
> **$153K** approved 02/26/2021 · Paid in Full · Loan `4807408503`
## Borrower
- **Name:** LYNCH ELECTRIC & SONS INC
- **Address:** 1160 Industrial Rd Ste 18, San Carlos, CA, 94070-4128
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 01/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $153K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** FC Marketplace, LLC (dba Funding Circle)
- **Servicing:** FC Marketplace, LLC (dba Funding Circle) (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*