# PPP loan: THE LOEB ELECTRIC COMPANY
> **$3.12M** approved 04/10/2020 · Paid in Full · Loan `1496757102`
## Borrower
- **Name:** THE LOEB ELECTRIC COMPANY
- **Address:** 1800 E. 5th Ave. 0.0, Columbus, OH, 43219-2592
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.12M
- **Initial approval:** $3.12M
- **Forgiven:** $3.15M (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.92M
- **Rent:** $95K
- **Utilities:** $33K
- **Health care:** $67K
- **Jobs reported:** 274
## 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*