# PPP loan: STAR ELECTRIC COMPANY INC.
> **$1.24M** approved 03/16/2021 · Exemption 4 · Loan `3377178609`
## Borrower
- **Name:** STAR ELECTRIC COMPANY INC.
- **Address:** 1490 Annapolis Rd, Odenton, MD, 21113-1008
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $549K (44%)
- **Forgiveness date:** 09/23/2022
- **Status:** Exemption 4
- **Term:** 81 months
## Use of funds
- **Payroll:** $1.24M
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*