# PPP loan: JDL ELECTRIC COMPANY INC.
> **$324K** approved 05/01/2020 · Paid in Full · Loan `8866007307`
## Borrower
- **Name:** JDL ELECTRIC COMPANY INC.
- **Address:** 1510 CATON CENTER DR STE P, HALETHORPE, MD, 21227-1526
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $324K
- **Jobs reported:** 27
## Lender
- **Originating:** The Queenstown Bank of Maryland
- **Servicing:** The Queenstown Bank of Maryland (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*