# PPP loan: PATRIOT ELECTRIC CORP.
> **$5.01M** approved 04/28/2020 · Paid in Full · Loan `7619557208`
## Borrower
- **Name:** PATRIOT ELECTRIC CORP.
- **Address:** 15-17 126th Street, COLLEGE POINT, NY, 11356
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.01M
- **Initial approval:** $5.01M
- **Forgiven:** $5.06M (101%)
- **Forgiveness date:** 07/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.53M
- **Rent:** $90K
- **Utilities:** $18K
- **Health care:** $355K
- **Jobs reported:** 325
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*