# PPP loan: R S M ELECTRON POWER INC
> **$3.55M** approved 04/16/2020 · Paid in Full · Loan `2809447208`
## Borrower
- **Name:** R S M ELECTRON POWER INC
- **Address:** STEVEN SAUNDERS 221 W INDUSTRY CT, DEER PARK, NY, 11729
- **NAICS:** 336413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.55M
- **Initial approval:** $3.55M
- **Forgiven:** $3.59M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.17M
- **Rent:** $200K
- **Utilities:** $100K
- **Health care:** $80K
- **Jobs reported:** 235
## 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*