# PPP loan: RAINBOW ELECTRIC COMPANY INC. OF NEW YORK
> **$337K** approved 01/30/2021 · Paid in Full · Loan `9258098309`
## Borrower
- **Name:** RAINBOW ELECTRIC COMPANY INC. OF NEW YORK
- **Address:** 7618 Rockaway Blvd, Woodhaven, NY, 11421-2850
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $337K
- **Initial approval:** $337K
- **Forgiven:** $339K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $337K
- **Utilities:** $1
- **Jobs reported:** 52
## 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*