# PPP loan: WIRE'S ELECTRICAL SHOP
> **$186K** approved 04/14/2020 · Paid in Full · Loan `5775567105`
## Borrower
- **Name:** WIRE'S ELECTRICAL SHOP
- **Address:** 107 West Valley View Avenue, Hackettstown, NJ, 07840-1225
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $186K
- **Initial approval:** $186K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $149K
- **Mortgage interest:** $19K
- **Utilities:** $19K
- **Jobs reported:** 13
## Lender
- **Originating:** First Hope Bank, A National Banking Association
- **Servicing:** First Hope Bank, A National Banking Association (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*