# PPP loan: JEMCO ELECTRICAL CONTRACTORS INC.
> **$1.78M** approved 03/26/2021 · Paid in Full · Loan `1163868708`
## Borrower
- **Name:** JEMCO ELECTRICAL CONTRACTORS INC.
- **Address:** 271 42nd St, Brooklyn, NY, 11232-2813
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.78M
- **Initial approval:** $1.78M
- **Forgiven:** $1.80M (101%)
- **Forgiveness date:** 03/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.78M
- **Jobs reported:** 114
## 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*