# PPP loan: WAYPOINT ELECTRIC INC
> **$250K** approved 04/11/2020 · Paid in Full · Loan `3253627103`
## Borrower
- **Name:** WAYPOINT ELECTRIC INC
- **Address:** 4427 Exchange Ave Ste. 2, NAPLES, FL, 34104-7023
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $248K (99%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 24
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*