# PPP loan: JEM APPLIANCE AND ELECTRONICS CORP
> **$204K** approved 05/01/2020 · Paid in Full · Loan `3170157708`
## Borrower
- **Name:** JEM APPLIANCE AND ELECTRONICS CORP
- **Address:** 14 TROY HILLS RD STE 3, WHIPPANY, NJ, 07981
- **NAICS:** 423720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Rent:** $39K
- **Utilities:** $2K
- **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*