# PPP loan: G & B ELECTRIC INC
> **$661K** approved 04/16/2020 · Paid in Full · Loan `2855797209`
## Borrower
- **Name:** G & B ELECTRIC INC
- **Address:** 830 ORCHARD ST, FERNDALE, MI, 48220-1482
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $661K
- **Initial approval:** $661K
- **Forgiven:** $669K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $661K
- **Jobs reported:** 66
## Lender
- **Originating:** Superior National Bank
- **Servicing:** Superior National Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*