# PPP loan: STATIC ELECTRIC CORP
> **$197K** approved 02/09/2021 · Paid in Full · Loan `5825588400`
## Borrower
- **Name:** STATIC ELECTRIC CORP
- **Address:** 4505 White Plains Rd, Bronx, NY, 10470-1608
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $200K (102%)
- **Forgiveness date:** 08/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $197K
- **Jobs reported:** 10
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*