# PPP loan: AMSTERDAM ELECTRIC CORP.
> **$160K** approved 06/26/2020 · Charged Off · Loan `4997358000`
## Borrower
- **Name:** AMSTERDAM ELECTRIC CORP.
- **Address:** 3628 9TH ST, LONG ISLAND CITY, NY, 11106
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Status:** Charged Off
- **Term:** 40 months
## Use of funds
- **Payroll:** $160K
- **Jobs reported:** 8
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*