# PPP loan: A G ELECTRIC INC
> **$163K** approved 02/09/2021 · Paid in Full · Loan `5611158405`
## Borrower
- **Name:** A G ELECTRIC INC
- **Address:** 1833 Ocean Ave, Seaside Heights, NJ, 08751-1537
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $169K (104%)
- **Forgiveness date:** 09/17/2024
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** Santander Bank, National Association
- **Servicing:** Santander Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*