# PPP loan: RAM ELECTRIC, INC.
> **$257K** approved 05/01/2020 · Paid in Full · Loan `1782927705`
## Borrower
- **Name:** RAM ELECTRIC, INC.
- **Address:** 183 COTTAGE AVE, SANDY, UT, 84070
- **NAICS:** 335999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Rent:** $4K
- **Utilities:** $5K
- **Health care:** $9K
- **Jobs reported:** 27
## 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*