# PPP loan: ELECTROCABLES USA INC.
> **$172K** approved 04/28/2020 · Paid in Full · Loan `7599577205`
## Borrower
- **Name:** ELECTROCABLES USA INC.
- **Address:** 10408 W MCNAB ROAD, FORT LAUDERDALE, FL, 33321
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Utilities:** $43K
- **Jobs reported:** 5
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*