# PPP loan: OSTROFF ELECTRICAL CONTRACTORS INC.
> **$1.67M** approved 01/23/2021 · Paid in Full · Loan `4756588303`
## Borrower
- **Name:** OSTROFF ELECTRICAL CONTRACTORS INC.
- **Address:** 10217 159th Rd, Howard Beach, NY, 11414-3528
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.67M
- **Initial approval:** $1.67M
- **Forgiven:** $1.68M (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.66M
- **Utilities:** $1
- **Jobs reported:** 113
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*