# PPP loan: REPUBLIC ELECTRIC CO. INC.
> **$200K** approved 05/05/2020 · Paid in Full · Loan `2367987404`
## Borrower
- **Name:** REPUBLIC ELECTRIC CO. INC.
- **Address:** 11122 DOWNS RD, PINEVILLE, NC, 28134-8412
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $203K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 18
## 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*