# PPP loan: JP ELECTRIC AND SON, INC.
> **$182K** approved 04/05/2020 · Paid in Full · Loan `5222517003`
## Borrower
- **Name:** JP ELECTRIC AND SON, INC.
- **Address:** 667 WESTMINSTER ST, FITCHBURG, MA, 01420-4615
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $149K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Jobs reported:** 15
## Lender
- **Originating:** Fidelity Co-Operative Bank
- **Servicing:** Fidelity Co-Operative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*