# PPP loan: AJM ELECTRIC INC
> **$547K** approved 02/22/2021 · Paid in Full · Loan `2821818505`
## Borrower
- **Name:** AJM ELECTRIC INC
- **Address:** 2333 Concord Rd, Chester, PA, 19013-2447
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $547K
- **Initial approval:** $547K
- **Forgiven:** $552K (101%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $547K
- **Utilities:** $1
- **Jobs reported:** 37
## Lender
- **Originating:** The Victory Bank
- **Servicing:** The Victory Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*