# PPP loan: CALVI ELECTRIC COMPANY
> **$2.21M** approved 04/08/2020 · Paid in Full · Loan `8829877006`
## Borrower
- **Name:** CALVI ELECTRIC COMPANY
- **Address:** 14 S CALIFORNIA AVE PO BOX 479, ATLANTIC CITY, NJ, 08401-6413
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.21M
- **Initial approval:** $2.21M
- **Forgiven:** $2.24M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.21M
- **Jobs reported:** 92
## Lender
- **Originating:** OceanFirst Bank, National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*