# PPP loan: MAC ELECTRICAL CONTRACTORS
> **$331K** approved 05/27/2020 · Charged Off · Loan `3974767807`
## Borrower
- **Name:** MAC ELECTRICAL CONTRACTORS
- **Address:** 1889 ROUTE 9 STE 63, TOMS RIVER, NJ, 08755-1274
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $331K
- **Initial approval:** $285K
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $265K
- **Rent:** $33K
- **Utilities:** $33K
- **Jobs reported:** 23
## Lender
- **Originating:** BSD Capital, LLC dba Lendistry
- **Servicing:** Lendistry SBLC, LLC (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*