# PPP loan: ADVANCED CONTRACTING & ELECTRICAL SERVICES
> **$244K** approved 04/09/2020 · Paid in Full · Loan `1082287103`
## Borrower
- **Name:** ADVANCED CONTRACTING & ELECTRICAL SERVICES
- **Address:** 3230 S Dye Rd, FLINT, MI, 48507-1006
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $235K
- **Rent:** $7K
- **Utilities:** $2K
- **Debt interest:** $500
- **Jobs reported:** 28
## Lender
- **Originating:** ELGA CU
- **Servicing:** ELGA CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*