# PPP loan: MID CITY ELECTRICAL CORP.
> **$500K** approved 03/17/2021 · Paid in Full · Loan `3424528600`
## Borrower
- **Name:** MID CITY ELECTRICAL CORP.
- **Address:** 2190 McDonald Ave, Brooklyn, NY, 11223-3926
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $500K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Flagstar Bank National Association
- **Servicing:** Flagstar Bank National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*