# PPP loan: J E R ELECTRIC CORP
> **$253K** approved 03/13/2021 · Paid in Full · Loan `2101468607`
## Borrower
- **Name:** J E R ELECTRIC CORP
- **Address:** 530 Fashion Ave Ste B05, New York, NY, 10018-4878
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $256K (101%)
- **Forgiveness date:** 06/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $253K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*