# PPP loan: ARCTIC ELECTRICIANS
> **$172K** approved 05/01/2020 · Paid in Full · Loan `2878017702`
## Borrower
- **Name:** ARCTIC ELECTRICIANS
- **Address:** P.O. Box 3631, STATELINE, NV, 89449
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 10/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $139K
- **Rent:** $7K
- **Utilities:** $847
- **Health care:** $12K
- **Debt interest:** $13K
- **Jobs reported:** 15
## 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*