# PPP loan: GOT ELECTRIC, LLC
> **$293K** approved 04/30/2020 · Paid in Full · Loan `5609817309`
## Borrower
- **Name:** GOT ELECTRIC, LLC
- **Address:** 18978 Bonanza Way, Gaithersburg, MD, 20879
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $293K
- **Initial approval:** $293K
- **Forgiven:** $296K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $29K
- **Utilities:** $15K
- **Health care:** $29K
- **Jobs reported:** 37
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*