# PPP loan: RUE ELECTRIC, INC.
> **$220K** approved 04/29/2020 · Paid in Full · Loan `2842667304`
## Borrower
- **Name:** RUE ELECTRIC, INC.
- **Address:** 4935 National Street, Philadelphia, PA, 19135
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $209K
- **Rent:** $9K
- **Utilities:** $2K
- **Jobs reported:** 17
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*