# PPP loan: M & W ELECTRIC INCORPORATED
> **$1.51M** approved 05/01/2020 · Exemption 4 · Loan `3169417706`
## Borrower
- **Name:** M & W ELECTRIC INCORPORATED
- **Address:** 29889 HIGHWAY 34 SW, ALBANY, OR, 97321
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.51M
- **Initial approval:** $1.51M
- **Forgiven:** $913K (60%)
- **Forgiveness date:** 03/31/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.50M
- **Rent:** $6K
- **Utilities:** $1K
- **Jobs reported:** 500
## 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*