# PPP loan: POWER SOURCE ELECTRIC LLC
> **$170K** approved 01/16/2021 · Paid in Full · Loan `1039438308`
## Borrower
- **Name:** POWER SOURCE ELECTRIC LLC
- **Address:** 7 Flomar Ave, Leonardo, NJ, 07737-1303
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $170K
- **Jobs reported:** 21
## 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*