# PPP loan: FULCHER ELECTRIC OF FAYETTEVILLE INC.
> **$471K** approved 02/20/2021 · Paid in Full · Loan `2172708506`
## Borrower
- **Name:** FULCHER ELECTRIC OF FAYETTEVILLE INC.
- **Address:** 1744 Middle River Loop, Fayetteville, NC, 28312-7366
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $471K
- **Initial approval:** $471K
- **Forgiven:** $475K (101%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $471K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*