# PPP loan: QEC ELECTRICAL SERVICE CORP
> **$221K** approved 02/04/2021 · Paid in Full · Loan `3102608401`
## Borrower
- **Name:** QEC ELECTRICAL SERVICE CORP
- **Address:** 3110 37th Ave Ste 500, Long Island City, NY, 11101-2112
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $224K (102%)
- **Forgiveness date:** 10/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $221K
- **Jobs reported:** 25
## Lender
- **Originating:** Spring Bank
- **Servicing:** Spring Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*