# PPP loan: JEM APPLIANCE AND ELECTRONICS CORP
> **$204K** approved 02/05/2021 · Paid in Full · Loan `3664448403`
## Borrower
- **Name:** JEM APPLIANCE AND ELECTRONICS CORP
- **Address:** 14 Troy Hills Rd Ste 3, Whippany, NJ, 07981-1528
- **NAICS:** 423620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 06/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $204K
- **Utilities:** $1
- **Jobs reported:** 16
## 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*