# PPP loan: CROSBY ELECTRIC COMPANY INC.
> **$616K** approved 02/20/2021 · Paid in Full · Loan `2607328510`
## Borrower
- **Name:** CROSBY ELECTRIC COMPANY INC.
- **Address:** 6012 E Shirley Ln, Montgomery, AL, 36117-6216
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $616K
- **Initial approval:** $616K
- **Forgiven:** $619K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $616K
- **Utilities:** $1
- **Jobs reported:** 55
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*