# PPP loan: K ELECTRIC INC.
> **$227K** approved 02/16/2021 · Paid in Full · Loan `9311118400`
## Borrower
- **Name:** K ELECTRIC INC.
- **Address:** 2646 Warwick Ave, Warwick, RI, 02889-4269
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $228K (100%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $227K
- **Jobs reported:** 13
## Lender
- **Originating:** HarborOne Bank
- **Servicing:** HarborOne Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*