# PPP loan: THE CLEVELAND ELECTRIC LABORATORIES COMPANY INC.
> **$1.62M** approved 04/09/2020 · Paid in Full · Loan `9803867010`
## Borrower
- **Name:** THE CLEVELAND ELECTRIC LABORATORIES COMPANY INC.
- **Address:** 1776 Enterprise Parkway, Twinsburg, OH, 44087-2204
- **NAICS:** 334512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Rent:** $91K
- **Health care:** $50K
- **Jobs reported:** 120
## 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*