# PPP loan: K & G ELECTRIC CO., INC.
> **$510K** approved 05/01/2020 · Paid in Full · Loan `1031987700`
## Borrower
- **Name:** K & G ELECTRIC CO., INC.
- **Address:** 747 E 132STREET, BRONX, NY, 10454
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $510K
- **Initial approval:** $510K
- **Forgiven:** $517K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $406K
- **Rent:** $15K
- **Utilities:** $3K
- **Health care:** $80K
- **Debt interest:** $6K
- **Jobs reported:** 270
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*