# PPP loan: FOLKES ELECTRICAL CONSTRUCTION COMPANY INC.
> **$569K** approved 02/05/2021 · Paid in Full · Loan `3565868405`
## Borrower
- **Name:** FOLKES ELECTRICAL CONSTRUCTION COMPANY INC.
- **Address:** 206 Haley Rd, Ashland, VA, 23005-2450
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $569K
- **Initial approval:** $569K
- **Forgiven:** $576K (101%)
- **Forgiveness date:** 05/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $569K
- **Jobs reported:** 31
## Lender
- **Originating:** Village Bank
- **Servicing:** Village Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*