# PPP loan: J&K ELECTRONICS INC
> **$400K** approved 04/06/2020 · Paid in Full · Loan `5776077004`
## Borrower
- **Name:** J&K ELECTRONICS INC
- **Address:** 58 Sawgrass Drive, BELLPORT, NY, 11713-1549
- **NAICS:** 332510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $404K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Rent:** $80K
- **Jobs reported:** 27
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*