# PPP loan: MEDCO ELECTRIC INC
> **$233K** approved 05/11/2021 · Charged Off · Loan `8522358909`
## Borrower
- **Name:** MEDCO ELECTRIC INC
- **Address:** 157 Tibbetts Rd Ste 103, Yonkers, NY, 10705-2643
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Status:** Charged Off
- **Term:** 41 months
## Use of funds
- **Payroll:** $233K
- **Utilities:** $1
- **Jobs reported:** 10
## 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*