# PPP loan: E. J. ELECTRIC INC.
> **$630K** approved 02/02/2021 · Paid in Full · Loan `1953278408`
## Borrower
- **Name:** E. J. ELECTRIC INC.
- **Address:** 3439 Richmond St, Philadelphia, PA, 19134-6007
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $630K
- **Initial approval:** $630K
- **Forgiven:** $637K (101%)
- **Forgiveness date:** 04/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $630K
- **Jobs reported:** 18
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*