# PPP loan: TAP ELECTRICAL CONTRACTING SERVICE INC.
> **$1.64M** approved 04/05/2020 · Paid in Full · Loan `5135107000`
## Borrower
- **Name:** TAP ELECTRICAL CONTRACTING SERVICE INC.
- **Address:** 926 Lincoln Ave, HOLBROOK, NY, 11741-2204
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.64M
- **Initial approval:** $1.64M
- **Forgiven:** $1.65M (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.31M
- **Rent:** $327K
- **Jobs reported:** 91
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*