# PPP loan: INTERSTATE ELECTRICAL CONTRACTING INC
> **$153K** approved 05/03/2020 · Paid in Full · Loan `9853657309`
## Borrower
- **Name:** INTERSTATE ELECTRICAL CONTRACTING INC
- **Address:** 132 MAIN ST, CHATHAM, NJ, 07928-2418
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Jobs reported:** 7
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*