# PPP loan: THORN ELECTRIC INC
> **$251K** approved 02/05/2021 · Paid in Full · Loan `3565418410`
## Borrower
- **Name:** THORN ELECTRIC INC
- **Address:** 107 01 ROCKAWAY BLVD, OZONE PARK, NY, 11417
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $254K (101%)
- **Forgiveness date:** 05/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $251K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*