# PPP loan: CONTACT ELECTRIC CORP.
> **$1.13M** approved 04/13/2020 · Paid in Full · Loan `5630607103`
## Borrower
- **Name:** CONTACT ELECTRIC CORP.
- **Address:** 1266 36th St., BROOKLYN, NY, 11218-2010
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.09M
- **Rent:** $4K
- **Mortgage interest:** $6K
- **Utilities:** $2K
- **Health care:** $14K
- **Debt interest:** $17K
- **Jobs reported:** 104
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*