# PPP loan: KNIGHT ELECTRIC INC
> **$805K** approved 04/10/2020 · Paid in Full · Loan `2260027104`
## Borrower
- **Name:** KNIGHT ELECTRIC INC
- **Address:** 286 FARMERS DR, RUSSELLVILLE, KY, 42276-7103
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $805K
- **Initial approval:** $805K
- **Forgiven:** $811K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $805K
- **Jobs reported:** 85
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*