# PPP loan: H. & L. ELECTRIC INC.
> **$6.53M** approved 04/15/2020 · Paid in Full · Loan `2284197201`
## Borrower
- **Name:** H. & L. ELECTRIC INC.
- **Address:** 41-1128TH sT, LONG ISLAND CITY, NY, 11101
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.53M
- **Initial approval:** $6.53M
- **Forgiven:** $5.77M (88%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.44M
- **Rent:** $75K
- **Utilities:** $10K
- **Jobs reported:** 185
## 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*