# PPP loan: NEW ERA ELECTRIC INC
> **$305K** approved 05/08/2020 · Paid in Full · Loan `4048607408`
## Borrower
- **Name:** NEW ERA ELECTRIC INC
- **Address:** 15420 SW 136 ST UNIT 20, MIAMI, FL, 33196
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $305K
- **Initial approval:** $305K
- **Forgiven:** $309K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $305K
- **Jobs reported:** 34
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*