# PPP loan: L & M ELECTRIC, INC
> **$203K** approved 04/28/2020 · Paid in Full · Loan `1362947301`
## Borrower
- **Name:** L & M ELECTRIC, INC
- **Address:** 2567 Oscar Johnson Dr, NORTH CHARLESTON, SC, 29405
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $204K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Jobs reported:** 27
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*