# PPP loan: ELECTROSYSTEM CORP.
> **$676K** approved 03/27/2021 · Charged Off · Loan `1476238708`
## Borrower
- **Name:** ELECTROSYSTEM CORP.
- **Address:** 3423 Steinway St N/A, Long Island City, NY, 11101-1305
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $676K
- **Initial approval:** $676K
- **Status:** Charged Off
- **Term:** 31 months
## Use of funds
- **Payroll:** $676K
- **Utilities:** $1
- **Jobs reported:** 44
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*