# PPP loan: ELECTRIC FORKLIFT REPAIR
> **$240K** approved 05/01/2020 · Exemption 4 · Loan `7586537706`
## Borrower
- **Name:** ELECTRIC FORKLIFT REPAIR
- **Address:** 837 SOMERSET ST, SOMERSET, NJ, 08873-3526
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 9
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*