# PPP loan: FREDERICK ELECTRIC COMPANY, LLC
> **$520K** approved 01/16/2021 · Paid in Full · Loan `1328548302`
## Borrower
- **Name:** FREDERICK ELECTRIC COMPANY, LLC
- **Address:** 1786 N Market St, Frederick, MD, 21701-4349
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $520K
- **Initial approval:** $520K
- **Forgiven:** $523K (101%)
- **Forgiveness date:** 08/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $520K
- **Jobs reported:** 32
## Lender
- **Originating:** Woodsboro Bank
- **Servicing:** Woodsboro Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*