# PPP loan: RESPONSE ELECTRIC INC.
> **$1.47M** approved 04/13/2020 · Paid in Full · Loan `5365097103`
## Borrower
- **Name:** RESPONSE ELECTRIC INC.
- **Address:** 680 Lorimer Street, BROOKLYN, NY, 11211-1315
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.47M
- **Initial approval:** $1.47M
- **Forgiven:** $1.48M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Jobs reported:** 79
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*