# PPP loan: KANTA ELECTRIC CORP
> **$1.44M** approved 02/03/2021 · Paid in Full · Loan `2118178403`
## Borrower
- **Name:** KANTA ELECTRIC CORP
- **Address:** 3421 56th St, Woodside, NY, 11377-2121
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Forgiven:** $1.45M (101%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.44M
- **Utilities:** $1
- **Jobs reported:** 73
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*