# PPP loan: SANDERS BROTHERS ELECTRIC, INC.
> **$427K** approved 04/10/2020 · Paid in Full · Loan `1958947106`
## Borrower
- **Name:** SANDERS BROTHERS ELECTRIC, INC.
- **Address:** 8195 KIPLING ST, PENSACOLA, FL, 32514-7441
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $432K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $427K
- **Jobs reported:** 48
## Lender
- **Originating:** SmartBank
- **Servicing:** SmartBank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*