# PPP loan: SCHIPSI ELECTRIC LLC.
> **$188K** approved 01/22/2021 · Paid in Full · Loan `3505358305`
## Borrower
- **Name:** SCHIPSI ELECTRIC LLC.
- **Address:** 580 Lancaster Ave Unit 120, Malvern, PA, 19355-1808
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $189K (100%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $188K
- **Jobs reported:** 16
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*