# PPP loan: F.D. HAYES ELECTRIC COMPANY INC.
> **$878K** approved 01/17/2021 · Paid in Full · Loan `1470308301`
## Borrower
- **Name:** F.D. HAYES ELECTRIC COMPANY INC.
- **Address:** 2301 Beal Ave, Lansing, MI, 48910-2707
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $878K
- **Initial approval:** $878K
- **Forgiven:** $886K (101%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $878K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Capitol National Bank
- **Servicing:** Capitol National Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*