# PPP loan: STAR ELECTRIC COMPANY, INC.
> **$1.18M** approved 04/11/2020 · Exemption 4 · Loan `2747317110`
## Borrower
- **Name:** STAR ELECTRIC COMPANY, INC.
- **Address:** 1490 ANNAPOLIS RD, ODENTON, MD, 21113-1008
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.05M (89%)
- **Forgiveness date:** 07/20/2022
- **Status:** Exemption 4
- **Term:** 88 months
## Use of funds
- **Payroll:** $1.18M
- **Jobs reported:** 10
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*