# PPP loan: REDGRAVE ELECTRIC MAINTENANCE INC
> **$271K** approved 05/29/2020 · Exemption 4 · Loan `4942247804`
## Borrower
- **Name:** REDGRAVE ELECTRIC MAINTENANCE INC
- **Address:** 201 Flamingo St, Atlantic Beach, NY, 11509
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $204K (75%)
- **Forgiveness date:** 07/29/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $271K
- **Jobs reported:** 18
## Lender
- **Originating:** Capital One, National Association
- **Servicing:** Capital One, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*