# PPP loan: ELECTROTECH SERVICE EQUIPMENT, CORP.
> **$1.22M** approved 04/14/2020 · Paid in Full · Loan `6834907106`
## Borrower
- **Name:** ELECTROTECH SERVICE EQUIPMENT, CORP.
- **Address:** 24-50 46th Street, ASTORIA, NY, 11103
- **NAICS:** 335313
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $976K
- **Mortgage interest:** $154K
- **Utilities:** $90K
- **Jobs reported:** 87
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*