# PPP loan: G NELSON ELECTRIC MOTORS INC
> **$674K** approved 04/10/2020 · Paid in Full · Loan `1455317103`
## Borrower
- **Name:** G NELSON ELECTRIC MOTORS INC
- **Address:** 1919 RADIO RD, ALEXANDER CITY, AL, 35010-3512
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $674K
- **Initial approval:** $674K
- **Forgiven:** $678K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $574K
- **Rent:** $23K
- **Utilities:** $20K
- **Health care:** $58K
- **Jobs reported:** 59
## Lender
- **Originating:** River Bank & Trust
- **Servicing:** River Bank & Trust (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*