# PPP loan: OPTIMAL ELECTRIC, INC.
> **$186K** approved 04/13/2020 · Paid in Full · Loan `5298387106`
## Borrower
- **Name:** OPTIMAL ELECTRIC, INC.
- **Address:** 279 Lake street 1B, BROOKLYN, NY, 11223-3870
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $186K
- **Initial approval:** $186K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $181K
- **Mortgage interest:** $4K
- **Utilities:** $1K
- **Jobs reported:** 19
## Lender
- **Originating:** Transportation Alliance Bank, Inc. d/b/a TAB Bank
- **Servicing:** Transportation Alliance Bank, Inc. d/b/a TAB Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*