# PPP loan: JC ELECTRIC, INC.
> **$170K** approved 04/29/2020 · Paid in Full · Loan `2278417308`
## Borrower
- **Name:** JC ELECTRIC, INC.
- **Address:** 8117 NE 13th Ave, VANCOUVER, WA, 98665
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Mortgage interest:** $10K
- **Jobs reported:** 16
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*