# PPP loan: SMT ELECTRIC
> **$258K** approved 02/24/2021 · Paid in Full · Loan `3655418501`
## Borrower
- **Name:** SMT ELECTRIC
- **Address:** 76 Potomac Creek Drive 76 Potomac Creek Drive, Fredericksburg, VA, 22405
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 05/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $258K
- **Jobs reported:** 19
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*