# PPP loan: PECO ELECTRIC INCORPORATED
> **$200K** approved 04/29/2020 · Paid in Full · Loan `4020847310`
## Borrower
- **Name:** PECO ELECTRIC INCORPORATED
- **Address:** 1711 ELIJAH LOFTIN RD, KINSTON, NC, 28504-6985
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 28
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*