# PPP loan: RAW ELECTRIC
> **$233K** approved 04/11/2020 · Paid in Full · Loan `3349687104`
## Borrower
- **Name:** RAW ELECTRIC
- **Address:** 974 GREASY RIDGE RD, PRINCETON, WV, 24739-6909
- **NAICS:** 541490
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $186K
- **Mortgage interest:** $5K
- **Utilities:** $42K
- **Jobs reported:** 10
## Lender
- **Originating:** City National Bank of West Virginia
- **Servicing:** City National Bank of West Virginia (WV)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*