# PPP loan: ALLSTATE ELECTRIC CORP
> **$450K** approved 05/09/2020 · Exemption 4 · Loan `4440187407`
## Borrower
- **Name:** ALLSTATE ELECTRIC CORP
- **Address:** 350 7TH AVE RM 201, NEW YORK, NY, 10001-1957
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $288K (64%)
- **Forgiveness date:** 10/28/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $450K
- **Jobs reported:** 3
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*