# PPP loan: B3 ELECTRIC, LLC
> **$542K** approved 02/04/2021 · Paid in Full · Loan `2789008410`
## Borrower
- **Name:** B3 ELECTRIC, LLC
- **Address:** 307 Devasher Rd, Russellville, KY, 42276-9733
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $542K
- **Initial approval:** $542K
- **Forgiven:** $546K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $542K
- **Jobs reported:** 53
## Lender
- **Originating:** Independence Bank of Kentucky
- **Servicing:** Independence Bank of Kentucky (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*