# PPP loan: NEXT WAVE ELECTRICAL CONTRACTORS INC
> **$181K** approved 04/28/2020 · Paid in Full · Loan `7042027207`
## Borrower
- **Name:** NEXT WAVE ELECTRICAL CONTRACTORS INC
- **Address:** 111 Railroad Avenue, Westminster, MD, 21157
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $18K
- **Utilities:** $19K
- **Health care:** $8K
- **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*