# PPP loan: LIGHTNING ELECTRIC INC.
> **$311K** approved 02/24/2021 · Paid in Full · Loan `3615888508`
## Borrower
- **Name:** LIGHTNING ELECTRIC INC.
- **Address:** 3992 Gettysburg Pitsburg Rd, Arcanum, OH, 45304-9725
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $311K
- **Initial approval:** $311K
- **Forgiven:** $312K (100%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $311K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Greenville Federal
- **Servicing:** Greenville Federal (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*