# PPP loan: JT ELECTRIC INC.
> **$165K** approved 04/29/2020 · Paid in Full · Loan `2001657307`
## Borrower
- **Name:** JT ELECTRIC INC.
- **Address:** 4849 Airway Dr Ste 105, CENTRAL POINT, OR, 97502
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $138K
- **Rent:** $7K
- **Utilities:** $3K
- **Health care:** $16K
- **Jobs reported:** 16
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*