# PPP loan: MARTIN ELECTRICAL CONTRACTORS INC.
> **$262K** approved 05/01/2020 · Charged Off · Loan `2168947705`
## Borrower
- **Name:** MARTIN ELECTRICAL CONTRACTORS INC.
- **Address:** 385 Wild Avenue Unit I, STATEN ISLAND, NY, 10314
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $128K
- **Rent:** $40K
- **Utilities:** $25K
- **Health care:** $70K
- **Jobs reported:** 29
## 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*