# PPP loan: ELECTRA PRODUCTS INC
> **$224K** approved 04/15/2020 · Paid in Full · Loan `1781947208`
## Borrower
- **Name:** ELECTRA PRODUCTS INC
- **Address:** 1705 Midwest Blvd, INDIANAPOLIS, IN, 46214
- **NAICS:** 423390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Rent:** $20K
- **Utilities:** $2K
- **Health care:** $10K
- **Jobs reported:** 16
## 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*