# PPP loan: PRO ELECTRIC INC.
> **$338K** approved 04/16/2020 · Paid in Full · Loan `2852717201`
## Borrower
- **Name:** PRO ELECTRIC INC.
- **Address:** 2012 Poole Dr,, Huntsville, AL, 35810-3899
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $338K
- **Initial approval:** $338K
- **Forgiven:** $341K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $338K
- **Jobs reported:** 28
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*