# PPP loan: A-C ELECTRIC INC
> **$503K** approved 01/20/2021 · Paid in Full · Loan `1875618309`
## Borrower
- **Name:** A-C ELECTRIC INC
- **Address:** 729 S Kilby Ct, Salt Lake City, UT, 84101-2613
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $503K
- **Initial approval:** $503K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $503K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** University First FCU
- **Servicing:** University First FCU (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*