# PPP loan: JVR ELECTRIC INC
> **$1.05M** approved 02/04/2021 · Exemption 4 · Loan `2856388409`
## Borrower
- **Name:** JVR ELECTRIC INC
- **Address:** 160 Gary Way, Ronkonkoma, NY, 11779-6509
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $988K (94%)
- **Forgiveness date:** 07/07/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.05M
- **Utilities:** $1
- **Jobs reported:** 39
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*