# PPP loan: AUDET ELECTRIC INC
> **$518K** approved 04/12/2020 · Paid in Full · Loan `4019057105`
## Borrower
- **Name:** AUDET ELECTRIC INC
- **Address:** 22840 McAuliffe Drive, ROBERTSDALE, AL, 36567-6100
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $431K (83%)
- **Forgiveness date:** 11/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $508K
- **Mortgage interest:** $5K
- **Utilities:** $5K
- **Jobs reported:** 40
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*