# PPP loan: STELCO ELECTRIC, LLC
> **$402K** approved 04/29/2020 · Paid in Full · Loan `2075237302`
## Borrower
- **Name:** STELCO ELECTRIC, LLC
- **Address:** 2839 GRAY FOX RD, MONROE, NC, 28110
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $402K
- **Initial approval:** $402K
- **Forgiven:** $405K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $402K
- **Jobs reported:** 24
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*