# PPP loan: TEAM ELECTRIC INC.
> **$2.14M** approved 04/15/2020 · Paid in Full · Loan `1473987207`
## Borrower
- **Name:** TEAM ELECTRIC INC.
- **Address:** 20 West 36th St., 10th Floor, NY, 10018
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.14M
- **Initial approval:** $2.14M
- **Forgiven:** $2.17M (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.02M
- **Rent:** $50K
- **Utilities:** $6K
- **Health care:** $38K
- **Debt interest:** $25K
- **Jobs reported:** 154
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*