# PPP loan: KENDALL ELECTRIC INC.
> **$303K** approved 04/05/2020 · Paid in Full · Loan `5564147010`
## Borrower
- **Name:** KENDALL ELECTRIC INC.
- **Address:** 6705 SW 145 Street, MIAMI, FL, 33158-1717
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $303K
- **Initial approval:** $303K
- **Forgiven:** $305K (101%)
- **Forgiveness date:** 11/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Utilities:** $76K
- **Jobs reported:** 23
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*