# PPP loan: IRONS ELECTRIC COMPANY INC.
> **$207K** approved 04/10/2020 · Paid in Full · Loan `1295967110`
## Borrower
- **Name:** IRONS ELECTRIC COMPANY INC.
- **Address:** 1629 STATE ST, FLORENCE, AL, 35630-3830
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Jobs reported:** 23
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*