# PPP loan: ELEKTROFI, INC.
> **$305K** approved 04/13/2020 · Paid in Full · Loan `4731557106`
## Borrower
- **Name:** ELEKTROFI, INC.
- **Address:** 451 D Street, Boston, MA, 02210
- **NAICS:** 325412
- **Business type:** Corporation
- **Business age:** Startup, Loan Funds will Open Business
## Loan
- **Approval amount:** $305K
- **Initial approval:** $305K
- **Forgiven:** $309K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $305K
- **Jobs reported:** 16
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*