# PPP loan: ABEL ELECTRIC INC
> **$333K** approved 04/10/2020 · Paid in Full · Loan `1885227100`
## Borrower
- **Name:** ABEL ELECTRIC INC
- **Address:** 53 Lee Rd 2163, SALEM, AL, 36874-4378
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $333K
- **Initial approval:** $333K
- **Forgiven:** $336K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $333K
- **Jobs reported:** 43
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*