# PPP loan: MRD ELECTRICAL SERVICES, INC.
> **$491K** approved 05/01/2020 · Paid in Full · Loan `6018787708`
## Borrower
- **Name:** MRD ELECTRICAL SERVICES, INC.
- **Address:** 32 E 31ST ST FL 8, NEW YORK, NY, 10016-6881
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $491K
- **Initial approval:** $491K
- **Forgiven:** $374K (76%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $491K
- **Jobs reported:** 27
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*