# PPP loan: PANEL ELECTRIC INC
> **$178K** approved 05/01/2020 · Paid in Full · Loan `2255437703`
## Borrower
- **Name:** PANEL ELECTRIC INC
- **Address:** 1044 CHARLOTTE AVE, WEST PALM BEACH, FL, 33401
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $38K
- **Rent:** $9K
- **Utilities:** $105K
- **Health care:** $26K
- **Jobs reported:** 21
## 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*