# PPP loan: ELECTRICAL INSPECTORS INC.
> **$208K** approved 05/01/2020 · Exemption 4 · Loan `3100517703`
## Borrower
- **Name:** ELECTRICAL INSPECTORS INC.
- **Address:** 308 E MEADOW AVE, EAST MEADOW, NY, 11554
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $189K (91%)
- **Forgiveness date:** 11/26/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $10K
- **Utilities:** $8K
- **Health care:** $30K
- **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*