# PPP loan: ELECTRIC CHAIR TATTOO LLC
> **$226K** approved 07/16/2020 · Charged Off · Loan `4581618100`
## Borrower
- **Name:** ELECTRIC CHAIR TATTOO LLC
- **Address:** 11591 N SAGINAW RD, CLIO, MI, 48420-1635
- **NAICS:** 512230
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $37K (16%)
- **Forgiveness date:** 10/04/2022
- **Status:** Charged Off
- **Term:** 12 months
## Use of funds
- **Payroll:** $226K
- **Jobs reported:** 7
## Lender
- **Originating:** Intuit Financing Inc.
- **Servicing:** Quontic Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*