# PPP loan: MAXWELL ELECTRICAL SERVICES INC
> **$563K** approved 05/02/2020 · Paid in Full · Loan `9578097301`
## Borrower
- **Name:** MAXWELL ELECTRICAL SERVICES INC
- **Address:** 2601 N A.l'lingwn Ave, INDIANAPOLIS, IN, 46218
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $508K
- **Rent:** $8K
- **Utilities:** $4K
- **Health care:** $43K
- **Jobs reported:** 54
## 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*