# PPP loan: RLJ ELECTRIC CORPORATION
> **$456K** approved 05/13/2020 · Paid in Full · Loan `5852007400`
## Borrower
- **Name:** RLJ ELECTRIC CORPORATION
- **Address:** 860 Washington Street, New York, NY, 10566
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $456K
- **Initial approval:** $456K
- **Forgiven:** $459K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $393K
- **Rent:** $15K
- **Utilities:** $700
- **Health care:** $45K
- **Debt interest:** $2K
- **Jobs reported:** 30
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*