# PPP loan: M-W ELECTRIC INC
> **$351K** approved 04/29/2020 · Paid in Full · Loan `2431837302`
## Borrower
- **Name:** M-W ELECTRIC INC
- **Address:** 312 West 4th Avenue, Red Springs, NC, 28377
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $351K
- **Initial approval:** $351K
- **Forgiven:** $357K (102%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $351K
- **Jobs reported:** 40
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*