# PPP loan: ATLAS ELECTRIC SERVICE CORP. OF NJ
> **$571K** approved 04/13/2020 · Paid in Full · Loan `5462447103`
## Borrower
- **Name:** ATLAS ELECTRIC SERVICE CORP. OF NJ
- **Address:** 250 Union Avenue, MOONACHIE, NJ, 07074-1001
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $571K
- **Initial approval:** $571K
- **Forgiven:** $580K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $571K
- **Jobs reported:** 39
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*