# PPP loan: SHARP ELECTRIC, INC.
> **$520K** approved 04/29/2020 · Paid in Full · Loan `2549257300`
## Borrower
- **Name:** SHARP ELECTRIC, INC.
- **Address:** 3600 HESSMER AVE., METAIRIE, LA, 70002
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $520K
- **Initial approval:** $520K
- **Forgiven:** $527K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $520K
- **Jobs reported:** 34
## Lender
- **Originating:** IberiaBank, A Division of 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*