# PPP loan: TARASIS ELECTRIC CORP.
> **$242K** approved 04/28/2020 · Paid in Full · Loan `6850147201`
## Borrower
- **Name:** TARASIS ELECTRIC CORP.
- **Address:** 45-48 51st street, Woodside, NY, 11377
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $235K (97%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Jobs reported:** 17
## Lender
- **Originating:** Investors Bank, A Division of Citizens Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*