# PPP loan: INDEPENDENCE ELECTRIC INC
> **$1.21M** approved 06/15/2021 · Paid in Full · Loan `1016229101`
## Borrower
- **Name:** INDEPENDENCE ELECTRIC INC
- **Address:** 625 N Governor Printz Blvd Ste 1, Essington, PA, 19029-1744
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 04/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.21M
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*