# PPP loan: ABCO SOUTH ELECTRICAL CONSTRUCTION & DESIGN, LLC
> **$938K** approved 04/11/2020 · Paid in Full · Loan `3107897105`
## Borrower
- **Name:** ABCO SOUTH ELECTRICAL CONSTRUCTION & DESIGN, LLC
- **Address:** 436 SOUTH RD, HIGH POINT, NC, 27262-8155
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $938K
- **Initial approval:** $938K
- **Forgiven:** $866K (92%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $928K
- **Rent:** $5K
- **Utilities:** $5K
- **Jobs reported:** 40
## Lender
- **Originating:** Providence Bank and Trust
- **Servicing:** Providence Bank & Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*