# PPP loan: CIRCLE ELECTRIC INC.
> **$197K** approved 02/24/2021 · Charged Off · Loan `3796258505`
## Borrower
- **Name:** CIRCLE ELECTRIC INC.
- **Address:** 12348 Wilkins Ave, Rockville, MD, 20852-1828
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Status:** Charged Off
- **Term:** 31 months
## Use of funds
- **Payroll:** $197K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** FC Marketplace, LLC (dba Funding Circle)
- **Servicing:** FC Marketplace, LLC (dba Funding Circle) (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*