# PPP loan: PALMETTO RESIDENTIAL ELECTRIC
> **$377K** approved 04/11/2020 · Paid in Full · Loan `2788377102`
## Borrower
- **Name:** PALMETTO RESIDENTIAL ELECTRIC
- **Address:** 7360 INDUSTRY DR, NORTH CHARLESTON, SC, 29418-8429
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $377K
- **Initial approval:** $377K
- **Forgiven:** $380K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $377K
- **Jobs reported:** 40
## Lender
- **Originating:** South Atlantic Bank
- **Servicing:** South Atlantic Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*