# PPP loan: IDEAL ELECTRICAL SUPPLY CORPORATION
> **$250K** approved 01/27/2021 · Paid in Full · Loan `6971958309`
## Borrower
- **Name:** IDEAL ELECTRICAL SUPPLY CORPORATION
- **Address:** 3515 V STEET N.E., WASHINGTON, DC, 20018
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $251K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** City First Bank, National Association
- **Servicing:** City First Bank, National Association (DC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*