# PPP loan: PREMIER ELECTRIC, INC.
> **$1.01M** approved 05/01/2020 · Paid in Full · Loan `2041747707`
## Borrower
- **Name:** PREMIER ELECTRIC, INC.
- **Address:** 242 W 30TH ST STE 902, NEW YORK, NY, 10001
- **NAICS:** 335999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $460K
- **Rent:** $50K
- **Utilities:** $50K
- **Health care:** $452K
- **Jobs reported:** 55
## 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*