# PPP loan: WADE ELECTRIC INC.
> **$1.50M** approved 03/27/2021 · Paid in Full · Loan `1404968705`
## Borrower
- **Name:** WADE ELECTRIC INC.
- **Address:** 3091 12th St, Long Island City, NY, 11102-4014
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 05/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.50M
- **Utilities:** $1
- **Jobs reported:** 62
## Lender
- **Originating:** Flushing Bank
- **Servicing:** Flushing Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*