# PPP loan: MJR ELECTRIC INC
> **$396K** approved 04/15/2020 · Paid in Full · Loan `1999157210`
## Borrower
- **Name:** MJR ELECTRIC INC
- **Address:** 10521 KORN LANE, GILROY, CA, 95020
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $396K
- **Initial approval:** $396K
- **Forgiven:** $402K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Jobs reported:** 22
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*