# PPP loan: LIMBAUGH ELECTRICAL CONTRACTING INC
> **$180K** approved 06/12/2020 · Paid in Full · Loan `2879397909`
## Borrower
- **Name:** LIMBAUGH ELECTRICAL CONTRACTING INC
- **Address:** 42 West 8th Street, ATLANTIC BEACH, FL, 32233-3412
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $181K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $144K
- **Utilities:** $36K
- **Jobs reported:** 25
## Lender
- **Originating:** Ameris Bank
- **Servicing:** Ameris Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*