# PPP loan: DOLA ELECTRICAL CO. INC
> **$407K** approved 03/31/2021 · Charged Off · Loan `3920878708`
## Borrower
- **Name:** DOLA ELECTRICAL CO. INC
- **Address:** 3044 E Tremont Ave, Bronx, NY, 10461-5732
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $407K
- **Initial approval:** $407K
- **Forgiven:** $313K (77%)
- **Forgiveness date:** 08/10/2022
- **Status:** Charged Off
- **Term:** 29 months
## Use of funds
- **Payroll:** $407K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*