# PPP loan: TFK ELECTRIC CORP
> **$220K** approved 05/01/2020 · Paid in Full · Loan `3124337702`
## Borrower
- **Name:** TFK ELECTRIC CORP
- **Address:** 1355 Shore Parkway 2nd Floor, BROOKLYN, NY, 11214
- **NAICS:** —
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Utilities:** $100
- **Jobs reported:** 340
## 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*