# PPP loan: EGM ELECTRIC LLC
> **$510K** approved 04/26/2021 · Paid in Full · Loan `2254288907`
## Borrower
- **Name:** EGM ELECTRIC LLC
- **Address:** 326 Hackensack St, Carlstadt, NJ, 07072-1039
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $510K
- **Initial approval:** $510K
- **Forgiven:** $515K (101%)
- **Forgiveness date:** 04/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $510K
- **Jobs reported:** 28
## Lender
- **Originating:** American Lending Center
- **Servicing:** American Lending Center (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*