# PPP loan: FAULK ELECTRIC CORPORATION
> **$305K** approved 04/15/2020 · Paid in Full · Loan `1120827210`
## Borrower
- **Name:** FAULK ELECTRIC CORPORATION
- **Address:** 6085 South Masterson Avenue, Tucson, AZ, 85706
- **NAICS:** 236118
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $305K
- **Initial approval:** $305K
- **Forgiven:** $307K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $305K
- **Jobs reported:** 29
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*