# PPP loan: KANTA ELECTRIC CORPORATION
> **$1.44M** approved 04/11/2020 · Paid in Full · Loan `2946817110`
## Borrower
- **Name:** KANTA ELECTRIC CORPORATION
- **Address:** 34-21 56th Street, WOODSIDE, NY, 11377-1519
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Forgiven:** $1.46M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.44M
- **Jobs reported:** 45
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*