# PPP loan: ELECTRICAL CONTRACTING ENTERPRISES, LLC
> **$500K** approved 04/10/2020 · Paid in Full · Loan `1492287106`
## Borrower
- **Name:** ELECTRICAL CONTRACTING ENTERPRISES, LLC
- **Address:** 7490 APPLING CENTER DR, MEMPHIS, TN, 38133-5090
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $482K
- **Rent:** $16K
- **Utilities:** $2K
- **Jobs reported:** 34
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*