# PPP loan: R B ELECTRIC COMPANY INC.
> **$420K** approved 02/03/2021 · Paid in Full · Loan `2464168403`
## Borrower
- **Name:** R B ELECTRIC COMPANY INC.
- **Address:** 979 Oneal Ln, Baton Rouge, LA, 70816-1808
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $426K (101%)
- **Forgiveness date:** 08/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $420K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*