# PPP loan: GENERATION 3 ELECTRIC
> **$594K** approved 04/12/2020 · Paid in Full · Loan `3969907110`
## Borrower
- **Name:** GENERATION 3 ELECTRIC
- **Address:** 1257 S 26th St, Philadelphia, PA, 19146-3933
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $594K
- **Initial approval:** $594K
- **Forgiven:** $599K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $445K
- **Utilities:** $149K
- **Jobs reported:** 40
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*