# PPP loan: TITAN ELECTRICAL SERVICES, INC.
> **$397K** approved 06/17/2020 · Paid in Full · Loan `7683197909`
## Borrower
- **Name:** TITAN ELECTRICAL SERVICES, INC.
- **Address:** 210 N Sunway Dr, GILBERT, AZ, 85233-5025
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $402K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $360K
- **Rent:** $32K
- **Utilities:** $5K
- **Jobs reported:** 42
## 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*