# PPP loan: FERRARA ELECTRICAL CORP
> **$154K** approved 05/01/2020 · Paid in Full · Loan `1182897705`
## Borrower
- **Name:** FERRARA ELECTRICAL CORP
- **Address:** 115 09 ATLANTIC AVE, RICHMOND HILL, NY, 11418
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $141K
- **Rent:** $6K
- **Utilities:** $1K
- **Health care:** $6K
- **Jobs reported:** 11
## 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*